ODP Plunges 10.85% Amid Mixed Institutional Sentiment

On May 13, 2025, ODP experienced a significant drop of 10.85% in pre-market trading, indicating a notable shift in investor sentiment towards the specialty retailer.

Analysts have revised their earnings estimates for ODP, with Sidoti Csr increasing their Q2 2025 earnings forecast to $0.42 per share, up from the previous estimate of $0.29. This adjustment reflects a more optimistic outlook on the company's financial performance for the upcoming quarter.

Institutional investors have been actively adjusting their positions in ODP. Price T Rowe Associates Inc. MD reduced its holdings by 8.2% during the fourth quarter, while other funds such as Rockefeller Capital Management L.P. and MetLife Investment Management LLC increased their stakes. This activity suggests a mixed sentiment among institutional investors regarding ODP's future prospects.

ODP's recent earnings report showed a positive return on equity of 12.15%, but a negative net margin of 0.52%. The company's revenue for the quarter was $1.70 billion, slightly above analyst estimates. Despite the positive earnings surprise, the stock's performance in pre-market trading indicates that investors may be concerned about the company's long-term growth prospects.