Urban Outfitters (URBN) Stock Falls Ahead of Tomorrow’s Q1 Earnings

NEW YORK (TheStreet) -- Shares of Urban Outfitters (URBN) - Get Report are down 1.46% to $25.70 in afternoon trading on Tuesday before the retailer reports its fiscal 2017 first quarter financial results on Wednesday after the market close.

The Philadelphia-based parent company of Urban Outfitters, Anthropologie and Free People is expected to report a 2.81% year-over-year increase in revenue, but unchanged earnings per share.

Analysts have estimated earnings of 25 cents per share on revenue of $759.8 million for the latest quarter.

Last year, Urban Outfitters posted a profit of 25 cents per share on revenue of $739.01 million for the fiscal 2016 first quarter.

The company said comparable store sales are expected to increase by low single-digits, but analysts at JPMorgan and BMO Capital Markets expect same store sales to be flat.

Analysts found that promotional activity increased towards the end of the quarter at Anthropologie and Free People.

Separately, Urban Outfitters has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and notable return on equity.

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

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.