Office Depot (NYSE: ODP) reported earnings on Nov. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Office Depot met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped to a loss.

Gross margins grew, operating margins increased, net margins shrank.

Revenue details
Office Depot tallied revenue of $2.69 billion. The 16 analysts polled by S&P Capital IQ foresaw revenue of $2.73 billion on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $2.84 billion.

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

EPS details
EPS came in at $0.06. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.25 for Q3 against $0.28 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 31.0%, 90 basis points better than the prior-year quarter. Operating margin was 1.2%, 30 basis points better than the prior-year quarter. Net margin was -2.3%, 590 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.85 billion. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $10.96 billion. The average EPS estimate is -$0.02.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 492 members out of 623 rating the stock outperform, and 131 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give Office Depot a green thumbs-up, and 39 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 $2.31.

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