NEW YORK (TheStreet) -- Shares of Pier 1 Imports (PIR) - Get Report were down 5.28% to $4.13 in mid-afternoon trading on Monday as the company prepares to report fiscal 2017 second-quarter results after Wednesday's market close. 

Analysts surveyed by Thomson Reuters are looking for an adjusted loss of 5 cents per share on revenue of $407 million for the quarter.

For the year-ago period, the Fort Worth-based home decor retailer reported earnings of 4 cents per diluted share on $430 million in revenue. 

Earlier this month, Pier 1 reported preliminary financial results for the second quarter. The company expects to report an adjusted loss between 6 cents and 5 cents per share. Revenue fell about 6.7% from a year ago, while same-store sales declined 4.3%, according to a company statement.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Pier 1's strengths such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations are countered by weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

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

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. 

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