Office Depot (ODP) earnings: expect -2% revenue decline

12:43 pm ET, 07 May 2019

Office Depot, Inc. (ODP) is announcing earnings on May 08, before market opening. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $2.76B, which implies -2% growth rate year-over-year.

Earnings per share are expected to come in at $0.06. If this materializes, EPS will decline -25% year-over-year.

How did the stock do last month?

Over the last month, Office Depot, Inc. (ODP) returned -32.04%.

How is the stock valued?

Office Depot, Inc. (ODP) forward P/E ratio is 7.03, and it’s low compared to its industry peers’ P/E ratios.

What do analysts say about the stock?

Office Depot, Inc. (ODP) average analyst price target is 45% above its current price ($2.40).

For the latest price and information on Office Depot, Inc., please visit Finstead and ask for "ODP", "ODP analysis" or "ODP news".

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Office Depot, Inc. (ODP) Stock Guide

Updated at: 12:48 am ET, 22 Sep 2020

Before we start: if you're looking for ODP stock price, you can quickly find it out by visiting Finny and typing "ODP quote". If you're looking for a quick scoop on ODP stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "ODP". You'll get all this info in one place. Or you can just type "ODP news" to get the latest stock news.

Looking to buy or sell Office Depot, Inc. (ODP)? Interested in getting the full scoop on ODP, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this ODP stock guide, we'll address key questions about ODP, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are ODP earnings?
2. When is ODP earnings date?
3. What is ODP stock forecast (i.e., prediction)?
4. ODP buy or sell? What is ODP Finny Score?
5. What are the reasons to buy ODP? Why should I buy ODP stock?
6. What are the reasons to sell ODP? Why should I sell ODP stock?
7. What are ODP key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are ODP earnings?

ODP trailing 12-month earnings per share (EPS) is -$5.17.

2. When is ODP earnings date?

ODP earnings date is November 04, 2020.

Analyst Predictions

3. What is ODP stock forecast (i.e., prediction)?

Based on ODP analyst price targets, ODP stock forecast is $26.50 (for a year from now). That means the average analyst price target for ODP stock is $26.50. The prediction is based on 8 analyst estimates.

The low price target for ODP is $18.00, while the high price target is $35.00.

ODP analyst rating is Hold.

Analysis

4. ODP buy or sell? What is ODP Finny Score?

#{finnyScore:64}Our quantitative analysis shows 7 reasons to buy and 4 reasons to sell ODP, resulting in Finny Score of 64.

5. What are the reasons to buy ODP? Why should I buy ODP stock?

Here are the reasons to buy ODP stock:

6. What are the reasons to sell ODP? Why should I sell ODP stock?

Let's look at the reasons to sell ODP stock (i.e., the bear case):

  • ODP quarterly revenue growth was -16.60%, lower than the industry and sector average revenue growth (0.81% and 0.78%, respectively). See ODP revenue growth chart.
  • ODP profitability is declining. The YoY profit margin change was -3.03 percentage points. See ODP profitability chart.
  • ODP short share of float is 8.31%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See ODP short share of float chart.
  • ODP short interest (days to cover the shorts) ratio is 4.64. The stock garners more short interest than the average industry, sector or S&P 500 stock. See ODP short interest ratio chart.

Key Stats

7. What are ODP key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for ODP:

Metrics ODP
Price $21.46
Average Price Target / Upside $26.50 / 23.49%
Average Analyst Rating Hold
Forward Dividend Yield 0.00%
Industry Specialty Retail
Sector Consumer Cyclical
Number of Employees 44,000
Market Cap $1.14B
Forward P/E Ratio 6.18
Price/Book Ratio 0.11
Revenue (TTM) $10.17B
YoY Quarterly Revenue Growth -16.60%
Profit Margin -2.74%

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