Staples (SPLS) to Release Quarterly Earnings on Tuesday
Staples (NASDAQ:SPLS) is scheduled to announce its Q114 earnings results on Tuesday, May 20th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $5.62 billion for the quarter. Staples has set its Q1 guidance at $0.17-0.22 EPS.
Staples (NASDAQ:SPLS) last announced its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.06. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the company posted $0.46 earnings per share. Staples’s revenue was down 10.6% compared to the same quarter last year. On average, analysts expect Staples to post $1.08 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Shares of Staples (NASDAQ:SPLS) opened at 13.2399 on Monday. Staples has a 52-week low of $11.04 and a 52-week high of $17.30. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $13.74. The company has a market cap of $8.615 billion and a P/E ratio of 13.88.
SPLS has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Staples from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Staples in a research note on Thursday, March 13th. They now have a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.55.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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