Why Ascena Retail (ASNA) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- Ascena Retail (ASNA) was falling 0.2% to $16.50 after-hours Monday after missing analysts' estimates for earnings in the fiscal fourth quarter.

The retailer reported earnings of 13 cents a share for the fiscal fourth quarter, missing the 18 cents analysts surveyed by Thomson Reuters expected for the quarter. Revenue fell 1.7% year over year to $1.18 billion for the quarter, compared to analysts' estimates of $1.21 billion.

"Despite mixed results across our portfolio and continuing soft traffic patterns, fourth quarter EPS was in line with our expectations," president and CEO David Jaffe said. "We have yet to see sustained evidence of market improvement, and as a result, are maintaining a conservative outlook as we enter the Fall season."

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Looking to fiscal 2015 Ascena Retail expects earnings of 90 cents to $1.00 a share, compared to analysts' estimates of $1.25 a share for the year.

TheStreet Ratings team rates ASCENA RETAIL GROUP INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ASCENA RETAIL GROUP INC (ASNA) 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 increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

You can view the full analysis from the report here: ASNA Ratings Report

ASNA Chart ASNA data by YCharts

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