NEW YORK (TheStreet) -- Staples (SPLS) is scheduled to release its 2015 first quarter earnings results before the market open on Wednesday. Analysts are predicting that the school, home and office supplies retailer will post a slight year-over-year decline in earnings and revenue for the most recent quarter.
Staples has been forecast to post earnings of 17 cents per share on revenue of $5.47 billion for the quarter ended April 2015.
Last year, Staples said it earned 18 cents per diluted share on revenue of $5.65 billion for the 2014 first quarter.
Shares of Staples are down by 0.79% to $16.35 in mid-morning trading on Tuesday.
Earlier this year Staples announced that it will acquire rival supply chain Office Depot (ODP) in a $6.3 billion deal.
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 largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."