The most recent trading session ended with ODP Corp. (ODP) standing at $28.75, reflecting a +0.49% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.

Heading into today, shares of the office supply retailer had lost 3.86% over the past month, lagging the Retail-Wholesale sector's gain of 5.71% and the S&P 500's gain of 1.71% in that time.

Investors will be eagerly watching for the performance of ODP Corp. in its upcoming earnings disclosure. In that report, analysts expect ODP Corp. to post earnings of $1.49 per share. This would mark a year-over-year decline of 20.74%. Meanwhile, our latest consensus estimate is calling for revenue of $1.83 billion, down 9.13% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $4.29 per share and a revenue of $7.13 billion, demonstrating changes of -23.39% and -8.96%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for ODP Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, ODP Corp. is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, ODP Corp. is currently trading at a Forward P/E ratio of 6.68. This expresses a discount compared to the average Forward P/E of 14.34 of its industry.

Also, we should mention that ODP has a PEG ratio of 0.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Retail - Miscellaneous industry had an average PEG ratio of 2.3.

The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.