NEW YORK (TheStreet) -- Pier 1 Imports (PIR) reports second-quarter earnings after the market closes Wednesday, and here's what analysts are expecting from the retailer of imported home furnishings and decor.
The consensus estimate calls for Pier 1 to report earnings of 14 cents a share on revenue of $426.02 million.
In the first quarter, the retailer posted EPS of 16 cents, which was short of the expectation of 20 cents from analysts polled by Thomson Reuters. Pier 1 also reported revenue of $419.06 million, short of the consensus estimate of $422.81 million.
The stock was up 0.91% to $15.54 at 11:59 a.m.
Separately, TheStreet Ratings team rates PIER 1 IMPORTS INC/DE as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PIER 1 IMPORTS INC/DE (PIR) 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, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself."