NEW YORK (TheStreet) -- Shares of Pacific Sunwear of California (PSUN) are down 2.04% to $2.88 on heavy volume in afternoon trading Wednesday, ahead of the teen retailer's fourth quarter earnings results, scheduled to be released after the market closes today.
Analysts are expecting the apparel company to report a loss of 11 cents per share for the period, compared to the loss of 17 cents it posted in the same quarter of last year.
PacSun is expected by analysts to post revenue of $229.49 million, an improvement from the $218.59 million it reported a year ago.
About 448,011 shares of PacSun have exchanged hands as of 3:06 p.m. ET, compared to its average daily volume of about 259,332 shares.
Anaheim, CA-based PacSun is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The company sells casual apparel, accessories and footwear for teens and young adults.
Insight from TheStreet's Research Team:
Pacific Sunwear is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:
This specialty retailer operates more than 500 stores in the U.S., selling surf- and skating-style apparel to teens and young adults. The stock gained 9% this week, ahead of the upcoming quarterly report on March 25. The company has already pre-announced strong quarterly sales and we believe shares can move up toward our price target by the end of the year.
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