NEW YORK (TheStreet) -- J.C. Penney Co. Inc. (JCP) is scheduled to report its third quarter 2014 earnings results after the market close on Wednesday, and analysts are expecting the company's net loss to narrow, and its revenue to rise for the most recent quarter.
Analysts polled by FactSet are anticipating that the department store to post a narrowed net loss of 81 cents per share, compared to the adjusted net loss of $1.81 per share, the company reported for the 2013 third quarter.
Net sales are forecast to grow to $2.81 billion for the latest quarter versus $2.78 billion for last year's third quarter.
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Shares of J.C. Penney are down by 1.11% to $7.14 in late afternoon trading on Tuesday.
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Separately, TheStreet Ratings team rates PENNEY (J C) CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PENNEY (J C) CO (JCP) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and generally disappointing historical performance in the stock itself."