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 ...

Exhibit 99.1 CONTACT: Tim Perrott Investor Relations 561-438-4629 Tim.Perrott@theodpcorp.com The ODP Corporation Announces First Quarter 2024 Results First Quarter Revenue of $1.9 Billion with GAAP EPS of $0.40; Adjusted EPS of $1.05 GAAP Operating Income of $18 Million; Net Income of $15 Million; Adjusted EBITDA of $82 Million Accelerating Project Core to Maximize In-Year Cost Savings with Future Annualized Run-Rate Cost Savings in Excess of $100 Million Driving Operational Excellence and Remaining On-Trac ...

Klaus Vedfelt Introduction The stock of The ODP Corporation (NASDAQ:ODP), an entity which operates an integrated B2B distribution platform, as well as an omnichannel retail consumer business, hasn't quite set the world alight over the past six months. At a time when its peers from the small-cap discretionary space have notched returns of 22%, ODP has managed to generate returns of only half that threshold. YCharts Adverse macro conditions (which have impacted both in-store and online traffic), a weak return ...

FORT LAUDERDALE, Fla., April 08, 2024 (GLOBE NEWSWIRE) -- The Mark Cuban Foundation, in partnership with The ODP Corporation, is bringing the only artificial intelligence (AI) camp of its kind, free of charge, to high school students in Fort Lauderdale. With a custom and highly-relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and promises to educate, inspire and fuel t ...