NEW YORK (TheStreet) -- Shares of The Pep Boys- Manny, Moe & Jack (PBY) are lower by 5% to $10.84 in pre-market trading on Tuesday, as the stock continues to decline from Monday's after-hours session, following its disappointing 2014 second quarter earnings results.
The car repair shop posted a net loss of $0.3 million, or flat earnings per share for the most recent quarter, compared to a net income of $5.4 million, or 10 cents per share for the year ago period.
Analysts polled by Thomson Reuters expected Pep Boys to report earnings of 16 cents per share.
The company said sales decreased by 0.3% to $528.8 million, from $527.6 million for the 2013 second quarter.
Analysts were expecting $534.56 million in revenue for the quarter.
Separately, TheStreet Ratings team rates PEP BOYS-MANNY MOE & JACK as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate PEP BOYS-MANNY MOE & JACK (PBY) a HOLD. The primary factors that have impacted our 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."