NEW YORK (TheStreet) -- Ascena Retail Group (ASNA) - Get Report  shares are up 0.64% to $7.11 Friday afternoon ahead of the company's fiscal 2016 third quarter results due out Tuesday after the market close. 

Year-over-year, profit is projected to decline while revenue will likely increase. 

For the recent period, Wall Street is looking for earnings of 13 cents a share on revenue of $1.73 billion. A year ago, the company earned 18 cents a share on revenue of $1.15 billion. 

The parent of Lane Bryant and Dressbarn, Ascena announced last May that it will buy ANN, the company that owns Ann Taylor and Loft in a deal valued at about $2 billion. 

Despite Ascena's positive initiatives so far, integration costs related to the ANN acquisition may adversely impact its latest earnings, Zacks analysts said.

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+.

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.

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: ASNA

Image placeholder title