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.
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