NEW YORK (TheStreet) -- Barnes & Noble (BKS) is scheduled to release its fiscal 2015 fourth quarter earnings results on Thursday morning before the market opens. Analysts have forecast that the bookseller will post a wider net loss and a decline in revenue for the most recent quarter, when compared to the same period last year.
Barnes & Noble is expected to report an earnings loss of 39 cents per share on revenue of $1.18 billion for the quarter ended April 2015.
Last year, the company reported an earnings loss of 93 cents per share on revenue of $1.32 billion for the fiscal 2014 fourth quarter.
Shares of Barnes & Noble closed lower by 1.61% to $26.33 on heavy volume on Wednesday afternoon. By the end of trading today, 1.09 million shares of Barnes & Nobel had exchanged hands as compared to its average daily volume of 629,000 shares.
Separately, TheStreet Ratings team rates BARNES & NOBLE INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BARNES & NOBLE INC (BKS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow."