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Office Depot Earnings For Tuesday Preview

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Office Depot, Inc. (ODP)

Background: Office Depot, Inc., together with its subsidiaries, is the one of the largest suppliers of office products and services in the world. The company sells to consumers and businesses of all sizes through its three business segments: Stores, Business Services and International. As the largest seller of office products around the world, the Company operates under the Office Depot, Viking Office Products, Viking Direct and 4Sure.com brand names.

Wall Street and investors are planning on more of the same in the upcoming second-quarter earnings report. It's expected before the market opens on July 30, 2013 The consensus opinion is presently losing 10 cents a share, a very small amount of 4 cents (%) over -14 cents during the corresponding period last year.
Analysts' estimates this quarter range from losing 14 cents, to a high of losing 6 cents per share.

Analysts are taking as much of a stand as many of our elected officials typically demonstrate on key issues. Hold ratings can indicate just about anything, however, I think of holds as one small step above sell ratings, and not inbetween a buy and a sell. It appears 13 out of 15 now rate the company a hold, while 1 recommend buying and 1 recommend selling. For a company analysts are mostly rating a hold, the stock really appreciated, gaining 149% in the last year, and the average analyst target price for Office Depot is $4.54.
 

The short interest is anything, but short. The number of shares shorted is markedly elevated and should be treated as warning that shorts anticipate upcoming price weakness. The current float short is 35.30%.

 

 

(ODP)

(OMX)

(SPLS)

(WMT)

Moderate Buy

1

3

3

6

Hold

13

8

11

14

Strong Sell Ratings

1

0

1

0

Avg Analyst Price Target

$4.54

$11.94

$14.76

$82.64

Revenue

$10.38 billion

$6.72 billion

$23.66 billion

$487.43 billion

Est Low EPS

-0.14

0.01

0.15

1.23

Est High EPS

-0.06

0.07

0.20

1.27

1 Year Stock Price Change

150.00%

162.14%

32.32%

4.68%

 

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