Office Depot: Earnings Preview
By Zacks Investment Research:
Office Depot Inc. (ODP), one of the leading suppliers of office products and services across the globe, will release its first-quarter 2012 financial results on Tuesday, May 1, 2012.The current Zacks Consensus Estimate for the quarter is 5 cents a share compared with a break-even in the prior-year quarter. The estimates in the current Zacks Consensus range between a low of 3 cents and a high of 8 cents a share. The Zacks Consensus revenue estimate is pegged at $2,884 million for the quarter under discussion.
Recap of Fourth-Quarter 2011
Despite sluggish economic recovery and underlying pressure in Europe, Office Depot posted better-than-expected fourth-quarter 2011 bottom-line results. The company reported earnings of 3 cents a share, surpassing the Zacks Consensus Estimate of a break-even. Looking out to the year-over-year performance, earnings marked a sharp improvement from a loss of 10 cents delivered in the year-ago quarter.Office Depot's totalComplete Story »