NEW YORK (TheStreet) -- Abercrombie & Fitch (ANF) - Get Report stock closed up 0.99% to $25.08 on heavy trading volume on Wednesday before the company reports its fiscal 2016 first quarter financial results before tomorrow's market open.

The New Albany, OH-based apparel retailer is expected to deliver a narrower loss and a slight increase in revenue.

Analysts are estimating a loss of 51 cents per share on revenue of $710.26 million for the latest quarter, compared with a loss of 53 cents per share on revenue of $709.42 million for the first quarter of fiscal 2015.

"After cutting ~$300M in expenses in F2013-F2014, ANF's earnings power going forward is increasingly dependent on the company's ability to drive positive comps," JPMorgan analysts said in a note released earlier this month.

For the first quarter, JPMorgan analysts expect the retailer's comparable store sales to be flat or up 1%.

By the end of the trading day, 5.25 million shares of Abercrombie & Fitch had exchanged hands, more than double its average daily volume of 2.42 million shares.

Separately, Abercrombie & Fitch has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins, which offsets disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: ANF

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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