Staples (Nasdaq: SPLS ) is expected to report Q3 earnings on Nov. 12. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Staples's revenues will decrease -1.6% and EPS will wither -4.3%.
The average estimate for revenue is $6.46 billion. On the bottom line, the average EPS estimate is $0.45.
Last quarter, Staples reported revenue of $5.50 billion. GAAP reported sales were 5.5% lower than the prior-year quarter's $5.82 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.18. GAAP EPS of $0.18 for Q2 were 28% lower than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 26.0%, 50 basis points worse than the prior-year quarter. Operating margin was 4.0%, 80 basis points worse than the prior-year quarter. Net margin was 2.2%, 80 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $24.77 billion. The average EPS estimate is $1.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 939 members out of 1,032 rating the stock outperform, and 93 members rating it underperform. Among 308 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 282 give Staples a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Staples is hold, with an average price target of $16.25.
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