TheStreet's Jim Cramer will be watching Ascena Retail (ASNA) - Get Ascena Retail Group, Inc. Report Tuesday when the specialty retailer releases its first-quarter earnings results after the market close.
He continued, "Now, I've been saying it's going to be an Amazon (AMZN) - Get Amazon.com, Inc. Report , online Christmas. I know that's boring, but boring that makes money is good. But ASNA can actually give us actual boots on the ground figures about what apparel is doing. That's important because if you notice VF Corp (VFC) - Get V.F. Corporation Report , if you notice Under Armour (UA) - Get Under Armour, Inc. Class C Report , Deckers (DECK) - Get Deckers Outdoor Corporation Report , these have all been weak. We need to know whether that warm weather really did kill Christmas before it even started."
Analysts expect Ascena to post earnings of 29 cents a share on $1.78 billion in revenue for the quarter. Shares of Ascena are down 6.5% year to date.
Ascena is a national retailer of shoes, apparel and accessories. It operates nearly 4,000 stores in the United States and Canada, and its brands include Dressbarn and Lane Bryant.
Ascena also recently completed its acquisition ofAnn for $2.16 billion. Ann, the parent company of Ann Taylor and Loft, will operate as a subsidiary of Ascena Retail.
TheStreet Ratings team rates ASCENA RETAIL GROUP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
""We rate ASCENA RETAIL GROUP INC (ASNA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
You can view the full analysis from the report here: ASNA.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.