L Brands, Inc. (LB) - Get Report is expected to report adjusted net income of $54.2 million, or 20 cents a share, on sales of $3 billion after the market closes on Thursday, based on a FactSet survey of 25 analysts.
The operator of Victoria's Secret and Bath & Body Works stores offered guidance of 15 cents a share to 20 cents a share on May 23. Shares have fallen 17.9% since then.
In the same period a year ago, the company posted earnings of 36 cents a share on sales of $3 billion. It reported net income of $48 million.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting adjusted net income of $23 million, or 8 cents a share, on sales of $2.7 billion.
L Brands is currently trading at a price-to-forward-earnings ratio of 8 based on the 12-month estimates of 27 analysts surveyed by FactSet.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Click here to sign up!
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.