Staples, Inc. is expected* to report earnings on 11/19/2014 before market open. The report will be for the fiscal Quarter ending Oct 2014. According to Zacks Investment Research, based on 11 analysts' forecasts, the consensus EPS forecast for the quarter is $0.37. The reported EPS for the same quarter last year was $0.42.
So the analysts predict lower profits. What do all of you predict?
I predict they will move faster and start the layoffs and store closings after the first of the year to try to boost 4th quarter earnings. I also predict Office Depot will do the same.
I predict no bonuses for anyone except Sargent.
I predict that the market will discipline us by emptying its bowels all over us like our employees have been doing on the store floors at night. Our earnings will stink like our stores.