ODP Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

ODP (NASDAQ:ODP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.78b (down 11% from 3Q 2023).
• Net income: US$68.0m (down 17% from 3Q 2023).
• Profit margin: 3.8% (down from 4.1% in 3Q 2023).
• EPS: US$2.06 (down from US$2.16 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ODP EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 8.0%.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.8%.

Performance of the American Specialty Retail industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for ODP that you need to be mindful of.

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