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NEW YORK (TheStreet) -- Shares of Chico's (CHS) - Get Chico's FAS, Inc. Report  were increasing in mid-afternoon trading on Monday as the company is expected to report 2016 second quarter results before Wednesday's opening bell. 

Analysts are looking for the Fort Myers, FL-based apparel retailer to report earnings of 22 cents per share on revenue of $632.06 million.

For the 2015 second quarter, Chico's posted earnings of 25 cents per share and $680.35 million in revenue. 

The company reported that its 2016 first quarter sales declined 7.9% year-over-year to $643 million, due in part to decreases in traffic. Comparable store-sales fell 4.2% during the quarter as a result of reduced "dollar average sale," Chico's said in a statement.  

Additionally, Wall Street is looking for Chico's to report 2016 earnings of 64 cents per share with $2.49 billion in revenue. 

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Separately, 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. TheStreet Ratings has this to say about the recommendation:

The team rates Chico's as a Hold with a ratings score of C. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, the team also found weaknesses including disappointing return on equity, weak operating cash flow and deteriorating net income.

You can view the full analysis from the report here:

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