ODP ODP reported its Q2 earnings results on Wednesday, August 3, 2022.
Here's what investors need to know about the announcement.
Earnings
ODP beat estimated earnings by 71.74%, reporting an EPS of $0.79 versus an estimate of $0.46.
Revenue was down $252.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.48 which was followed by a 0.7% drop in the share price the next day.
Here's a look at ODP's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.79 | 0.49 | 1.52 | 0.62 |
EPS Actual | 1.27 | 0.71 | 1.76 | 0.51 |
Revenue Estimate | 2.13B | 1.98B | 2.27B | 2.22B |
Revenue Actual | 2.18B | 2.04B | 2.18B | 2.29B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ODP management provided guidance for FY 2022, expecting earnings between $4.1 and $4.5 per share.
To track all earnings releases for ODP visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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