Office Depot, Inc. (NASDAQ:ODP) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ODP to report 3Q20 income of $ 1.09 per share from revenue of $ 2511.70 million.
For the full year, analysts anticipate top line of $ 9709.90 million, while looking forward to income of $ 3.11 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 10,500.00 million ~ $ 10,500.00 million
Click Here For More Historical Outlooks Of Office Depot, Inc.
Previous Quarter Performance
Office Depot, Inc. unwinded loss for the second quarter of $ 0.07 per share, from the revenue of $ 2,158.00 million. The quarterly revenues reduced 16.62 percent compared with the same quarter last year. According to street consensus, ODP was expected to report 2Q20 income of $ 0.08 per share from revenue of $ 2118.68 million. The bottom line results missed street analysts by $ 0.15 or 187.5 percent, at the same time, top line results outshined analysts by $ 39.32 million or 1.86 percent.
Stock Performance
Shares of Office Depot, Inc. traded low $ -0.26 or -1.22 percent on Wednesday, reaching $ 21.04 with volume of 291.80 thousand shares. Office Depot, Inc. has traded high as $ 21.57 and has cracked $ 20.53 on the downward trend
The closing price of $ 21.04, representing a 56.62 % increase from the 52 week low of $ 13.60 and a 28.76 % decrease over the 52 week high of $ 29.90.
The company has a market capital of $ 1.11 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Office Depot, Inc. will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.officedepot.com
Office Depot, Inc. provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom.
