OfficeMax, Inc. Second Quarter Earnings Sneak Peek

OfficeMax, Inc. (NASDAQ:OMX) will unveil its latest earnings on Tuesday, August 2, 2011. OfficeMax Incorporated provides office supplies and paper, print and document services, technology products and solutions and furniture to large, medium and small businesses, government offices and consumers.

OfficeMax, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for the company to break even after the company reported net income of 12 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down and dropped from one cent during the last month. For the year, analysts are projecting profit of 62 cents per share, a decline of 30.3% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 13 cents per share versus a mean estimate of profit of 27 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 6 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.64 billion in revenue this quarter, a decline of 0.6% from the year ago quarter. Analysts are forecasting total revenue of $7.19 billion for the year, a rise of 0.6% from last year’s revenue of $7.15 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and four rating it as a hold.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 2.8% to $1.86 billion in first quarter. The figure fell 2.4% in the fourth quarter of the last fiscal year from the year earlier, dropped 1% in third quarter of the last fiscal year from the year-ago quarter and 0.3% in the second 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 May 2, 2011 to July 27, 2011, the stock price had fallen $2.72 (-27.2%) from $10 to $7.28. 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, rising 23.1% (+$1.45) over that span. It saw one of its worst periods between April 7, 2011 and April 18, 2011 when shares fell for eight-straight days, falling 15% (-$2.10) over that span. Shares are down $10.42 (-58.9%) year to date.

(Source: Xignite Financials)

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