NEW YORK (TheStreet) -- Staples Inc. (SPLS) is expected to release its 2014 third quarter earnings results before the market open on Wednesday, November 19, and analysts are expecting the company to post a year-over-year decline in earnings per share and revenue.
For the most recent quarter analysts are expecting the office supply retail chain to report earnings of 36 cents per share, on revenue of $5.93 billion.
For the 2013 third quarter Staples said its non-GAAP earnings per diluted share from continuing operations was 42 cents, on total company sales of $6.1 billion. Staples 2013 third quarter earnings results had declined year-over-year from the 2012 third quarter.
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Shares of Staples are lower by 1.66% to $12.76 in late morning trading on Tuesday.
Separately, TheStreet Ratings team rates STAPLES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate STAPLES INC (SPLS) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow."