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Office Depot (NYSE: ODP ) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Office Depot's revenues will shrink -4.1% and EPS will remain in the red.
The average estimate for revenue is $2.60 billion. On the bottom line, the average EPS estimate is -$0.08.
Revenue details
Last quarter, Office Depot booked revenue of $2.87 billion. GAAP reported sales were 3.4% lower than the prior-year quarter's $2.97 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were $0.14 for Q1 versus -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 30.7%, 120 basis points better than the prior-year quarter. Operating margin was 1.8%, 100 basis points better than the prior-year quarter. Net margin was 1.7%, 190 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $11.17 billion. The average EPS estimate is $0.05.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 491 members out of 619 rating the stock outperform, and 128 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Office Depot a green thumbs-up, and 41 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Office Depot is hold, with an average price target of $3.71.
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Report this Comment On August 04, 2012, at 9:39 PM, EvanBuck wrote:
Office Depot will probably not beat the estimates. They've had a disappointing quarter.
"Last quarter, Office Depot booked revenue of $2.87 billion. GAAP reported sales were 3.4% lower than the prior-year quarter's $2.97 billion."
This stat is particularly worrisome for OD.
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