Office Depot, Inc. Quarterly Earnings on Deck

Office Depot, Inc. (NYSE:ODP) will unveil its latest earnings on Tuesday, October 25, 2011. Office Depot is a global supplier of office products and services under the Office Depot brand and other proprietary brand names.

Office Depot, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 2 cents per share, a decline of 33.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net loss of one cent per share, a swing from net income of 11 cents last year.

Last quarter, the company came in at a loss of 6 cents per share against a mean estimate of net loss of 12 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.89 billion in revenue this quarter, a decline of 0.3% from the year ago quarter. Analysts are forecasting total revenue of $11.58 billion for the year, a decline of 0.4% from last year’s revenue of $11.63 billion.

Analyst Ratings: Analysts seem relatively indifferent about Office Depot with seven of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $20.1 million (11 cents a share) from a loss of $9.5 million (7 cents) a year earlier, but beat analyst expectations. Revenue rose 0.4% to $2.71 billion from $2.7 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 3.2% in the first quarter, 3.4% in the fourth quarter of the last fiscal year and 4.3% in the third quarter of the last fiscal year.

Competitors to Watch: Staples, Inc. (NASDAQ:SPLS), OfficeMax Incorporated (NYSE:OMX), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Walgreens (NYSE:WAG), CVS (NYSE:CVS), Inc. (NASDAQ:STMP), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), and Big Lots, Inc. (NYSE:BIG).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $1.80 (-46.3%) from $3.89 to $2.09. The stock price saw one of its best stretches over the last year between May 9, 2011 and May 13, 2011 when shares rose for five-straight days, rising 12.4% (+52 cents) over that span. It saw one of its worst periods between October 25, 2010 and November 3, 2010 when shares fell for eight-straight days, falling 8.4% (-40 cents) over that span. Shares are down $3.31 (-61.3%) year to date.

(Source: Xignite Financials)

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