OfficeMax, Inc. First Quarter Earnings Sneak Peek

OfficeMax, Inc. (NYSE:OMX) will unveil its latest earnings on Tuesday, May 8, 2012. OfficeMax provides office supplies and paper, print, and document services, technology products, and furniture to businesses, government offices, and consumers.

OfficeMax, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 16 cents per share, a rise of 23.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 15 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 16 cents during the last month. For the year, analysts are projecting profit of 61 cents per share, no change from last year.

Past Earnings Performance: Last quarter, the company reported net income of 17 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $1.87 billion in revenue this quarter, a rise of 0.5% from the year-ago quarter. Analysts are forecasting total revenue of $7.06 billion for the year, a decline of 0.8% from last year’s revenue of $7.12 billion.

Analyst Ratings: Analysts are high on the stock, with five analysts rating it as a buy, none rating it as a sell and four rating it as a hold. Over the last three months, the stock’s average rating has increased from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 73.2% to $3.4 million (4 cents a share) from $12.7 million (14 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.9% to $1.84 billion from $1.77 billion.

Key Stats:

On the top line, the company is looking to build on last quarter’s revenue increase, which snapped a string of revenue drops. Revenue fell 2.8% in the first quarter of the last fiscal year, 0.3% in the second quarter of the last fiscal year and 2.1% in the third quarter of the last fiscal year before climbing in the fourth quarter of the last fiscal year.

Stock Price Performance: Between April 3, 2012 and May 2, 2012, the stock price dropped $1.28 (-22.9%), from $5.60 to $4.32. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 21, 2011, when shares rose for eight straight days, increasing 23.1% (+$1.45) over that span. It saw one of its worst periods between February 28, 2012 and March 7, 2012 when shares fell for seven straight days, dropping 14.6% (-85 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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