Staples (SPLS) reports first-quarter earnings Tuesday morning, and for the sake of anyone holding SPLS stock, the company had better offer up some positive surprises. SPLS stock is down 17% year-to-date.
That all adds up to more pain for SPLS stock.
Staples earnings are forecast to fall to 21 cents a share from 26 cents a year ago, according to Thomson Reuters. Revenue is projected to fall 3.4%.
And that’s the way it looks to be for a long time. SPLS is expected to suffer declining sales and profits through 2015 at least.
A beat-and-raise quarter sure would help SPLS stock, but that might be too much to wish for.