Forbes Earnings Preview: Staples

Staples reports its second quarter earnings on Wednesday, August 21, and the consensus earnings per share estimate is 18 cents per share.

For the fiscal year, analysts are projecting earnings of $1.33 per share. Analysts look for revenue to decrease 2% year-over-year to $5.37 billion for the quarter, after being $5.50 billion a year ago. For the year, revenue is projected to come in at $23.64 billion.

Revenue rose for the past two quarters in a row. In the most recent quarter, revenue rose 6% year-over-year to $5.81 billion. The quarter before that, it rose 2%.

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