OfficeMax (NYSE: OMX) is expected to report Q2 earnings on Aug. 6. 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 OfficeMax's revenues will decrease -3.2% and EPS will decrease -75.0%.

The average estimate for revenue is $1.55 billion. On the bottom line, the average EPS estimate is $0.03.

Revenue details
 Last quarter, OfficeMax recorded revenue of $1.77 billion. GAAP reported sales were 5.7% lower than the prior-year quarter's $1.87 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.11. GAAP EPS of $0.64 for Q1 were much higher than the prior-year quarter's $0.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 26.0%, 20 basis points better than the prior-year quarter. Operating margin was 6.2%, 390 basis points better than the prior-year quarter. Net margin was 3.2%, 290 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.72 billion. The average EPS estimate is $0.57.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 174 members out of 299 rating the stock outperform, and 125 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give OfficeMax a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OfficeMax is hold, with an average price target of $11.73.

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