Is it time to Buy before this week’s earning report The ODP (NASDAQ:ODP)

Earnings results for The ODP (NASDAQ:ODP)

The ODP Corporation is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.11. The reported EPS for the same quarter last year was $1.2.

Analyst Opinion on The ODP (NASDAQ:ODP)

3 Wall Street analysts have issued ratings and price targets for The ODP in the last 12 months. Their average twelve-month price target is $30.50, predicting that the stock has a possible downside of 32.22%. The high price target for ODP is $40.00 and the low price target for ODP is $21.00. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

The ODP has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $30.50, The ODP has a forecasted downside of 32.2% from its current price of $45.00. The ODP has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: The ODP (NASDAQ:ODP)

The ODP does not currently pay a dividend. The ODP does not have a long track record of dividend growth.

Insiders buying/selling: The ODP (NASDAQ:ODP)

In the past three months, The ODP insiders have not sold or bought any company stock. Only 1.70% of the stock of The ODP is held by insiders. 90.62% of the stock of The ODP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of The ODP (NASDAQ:ODP

Earnings for The ODP are expected to grow by 25.49% in the coming year, from $4.55 to $5.71 per share. The P/E ratio of The ODP is -8.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of The ODP is -8.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The ODP has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued. The ODP has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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