Bank of America just raised its EUR/USD forecast
BOCA RATON, FL – ODP Corp (NASDAQ:ODP), a leading provider of business services, products, and digital workplace technology solutions with annual revenues of $7.18 billion, announced its financial results for the fourth quarter ended December 28, 2024, today. The company’s earnings release was made public in conjunction with a Form 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company currently maintains a Fair overall financial health score, despite recent market challenges.
In the earnings release, ODP Corp disclosed its operational and financial performance for the last quarter of the previous fiscal year. While specific Q4 details weren’t provided in the 8K excerpt, InvestingPro analysis shows the company trading at attractive valuations with a price-to-book ratio of 0.68 and an EV/EBITDA multiple of 7.22. InvestingPro subscribers have access to 8 additional key valuation metrics and real-time financial analysis.
The information contained in the earnings release and the 8-K report is not considered to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. Furthermore, it is not to be incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act, unless explicitly referenced in such filings.
Investors and analysts often scrutinize the quarterly financial results of publicly traded companies like ODP Corp for insights into their operational efficiency, market performance, and strategic direction. These results can influence the company’s stock price and investor sentiment. The stock, currently trading near $19.19, appears undervalued according to InvestingPro Fair Value calculations. Three analysts have recently revised their earnings expectations downward for the upcoming period, with the stock experiencing a significant 63.76% decline over the past year.
The earnings release is available as Exhibit 99.1 in the Current Report on Form 8-K. Additionally, the cover page Interactive Data File, which contains XBRL tags, is embedded within the Inline XBRL document.
ODP Corp, formerly known as Office Depot Inc., is incorporated in Delaware and has its principal executive offices located at 6600 North Military Trail, Boca Raton, FL. The company operates under the Standard Industrial Classification code 5940, which includes miscellaneous shopping goods stores.
This news is based on a press release statement and investors are encouraged to review the full earnings release for a comprehensive understanding of the company’s financial performance during the reported period. For deeper insights, InvestingPro subscribers can access a detailed Pro Research Report, which provides comprehensive analysis of ODP Corp’s financial health, valuation metrics, and growth prospects among 1,400+ top US stocks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.