OfficeMax Earnings Preview
OfficeMax (NYS: OMX) beat estimates by $0.01 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Thursday, Feb. 23. OfficeMax provides office supplies; paper, print, and document services; technology products; and furniture to businesses, government offices, and consumers.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on OfficeMax with five out of nine analysts rating it hold. Although analysts still rate the stock a hold, they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $1.8 billion in revenue this quarter. That would represent a rise of 1.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.16 per share. Estimates range from $0.14 to $0.18.
What our community says:
Most CAPS All-Stars (63.3%) are assigning OfficeMax an outperform rating. The majority of the Fools agree with the All-Stars, with 58.4% giving it an outperform rating. OfficeMax's bearish CAPS rating of one out of five stars falls short of the Fool community sentiment.
Revenue has fallen for the past three quarters.
One final thing: If you want to keep tabs on OfficeMax's movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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