L Brands (LB) Stock Slumps Before Wednesday's Q1 Report
NEW YORK (TheStreet) -- L Brands (LB) - Get Report shares are sliding 1.75% to $65.21 on Tuesday afternoon ahead of the company's 2016 first quarter results scheduled to come out on Wednesday after the market close.
Year-over-year, profit is expected to decline while revenue is anticipated to increase up.
For the recent period, Wall Street is looking for earnings of 55 cents a share on revenue of $2.62 billion.
A year ago, the company earned 61 cents a share on revenue of $2.511 billion.
Overall, the owner of Victoria's Secret and Bath & Body Works is a leader in the lingerie, personal care and beauty segments, Zacks analysts said.
However, the retail environment is competitive and results will likely be pressured by foreign currency headwinds.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C+.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in 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 article's author.
You can view the full analysis from the report here: LB
