Staples (SPLS) is expected to report Q3 earnings before the open on Tuesday, November 15, with a conference call scheduled for 9:00 am ET.
Guidance
Analysts are looking for EPS of 47c on revenue of $6.71B. The consensus range is 45c-49c for EPS, and $6.60B-$6.80B for revenue, according to First Call. On its last quarterly call, the company forecast Q3 EPS of 46c-48c and sales growth in the "low single digits." While speaking at an investors conference in September, the company said the economy was not getting better, but not getting worse, either. It also called back-to-school sales "OK" but refused to call them "robust." Investors will be interested to see how the back-to-school season impacted the quarter's results.
Analyst Views
Analysts at Morgan Stanley were recently bullish on the shares of Staples, initiating coverage with an Overweight rating and $20 price target on October 27. The stock closed at $14.83 on that day.
