ODP Corp. (ODP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this office supply retailer have returned -25.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Retail - Miscellaneous industry, to which ODP Corp. belongs, has gained 2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media re ...

Value investing offers an opportunity to enter the market and grab stocks that have otherwise been overlooked by the majority of investors and are thus trading at cheap multiples.Though price-to-earnings (P/E) and price-to-sales (P/S) valuation tools are more commonly used for stock selection, the price-to-book ratio (P/B ratio) is also an easy-to-use metric for identifying bargain stocks with high-growth prospects. The P/B ratio compares the market and book value of the company.The P/B ratio is calculated ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and t ...

A downtrend has been apparent in ODP Corp. (ODP) lately with too much selling pressure. The stock has declined 25.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotti ...

In value investing, it is a common practice to pick stocks that are cheap but fundamentally strong. There are a number of investment styles to suit the predilection of hundreds of investors looking for the best value stocks.Among them, the price-to-book ratio (P/B ratio) is an easy-to-use tool for identifying low-priced stocks with high growth prospects.The P/B ratio is used to calculate how much an investor needs to pay for each dollar of book value of a stock. It is calculated by dividing the current clos ...

ODP Corp. (ODP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

A downtrend has been apparent in ODP Corp. (ODP) lately with too much selling pressure. The stock has declined 17% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

First Quarter QQ112200 2024 Financial Results v Safe Harbor Statement ...

The ODP Corporation (NASDAQ:ODP) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Corporate Participants Tim Perrott - Vice President of Investor Relations and Treasurer Gerry Smith - Chief Executive Officer Anthony Scaglione - Executive Vice President, Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Michael Lasser - UBS Joe Gomes - Noble Capital Operator Good morning and welcome to the ODP Corporation's First Quarter 2024 Earnings Conference Call. All lines will be on a list ...