NEW YORK (TheStreet) -- Shares of Burlington Stores (BURL) - Get Report are advancing by 5.41% to $58.89 in pre-market trading on Thursday, after the company reported better-than-expected results for the 2016 first quarter.

Before today's opening bell, the Florence, NJ-based discount retailer posted adjusted earnings of 57 cents per share, surpassing analysts' estimates of 48 cents per share.

Revenue rose by 8.4% to $1.28 billion from last year and was slightly higher than analysts' expectations of $1.27 billion.

Comparable store sales climbed by 4.3% during the quarter.

For fiscal 2016, the company upped its earnings per share outlook to $2.68 to $2.78 from $2.62 to $2.72. Burlington Stores also now sees net sales increasing 7.1% to 7.6% compared to its previous outlook of 6.5% and 7.5% growth.

Analysts are looking for earnings of $2.72 per share for the full year.

For the second quarter, Burlington Stores forecasts earnings per share between 20 cents and 23 cents and net sales growth of 6.3% to 7.5%.

Analysts are modeling earnings of 25 cents per share on revenue growth of 7% to $1.22 billion, the Wall Street Journal noted.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

This is driven by several weaknesses, which 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 covered.

Among the areas the team believes are negative, one of the most important has been a decline in the stock price during the past year.

Recently, 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 articles's author.

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

Image placeholder title