NEW YORK (TheStreet) -- Shares of Mattress Firm (MFRM) were slightly lower in mid-afternoon trading on Thursday ahead of the company's 2016 fiscal second quarter earnings, due out before tomorrow's opening bell.

Wall Street is projecting that earnings will decline year-over-year, while revenue will be higher compared to a year ago.

Analysts are forecasting that the Houston-based mattress retailer will report earnings of 65 cents per share on revenue of $1 billion.

During the same quarter last year, Mattress Firm said it had adjusted earnings of 67 cents per share on net sales of $661 million.

Last month, South African retail giant Steinhoff Int'l agreed to acquire the company for $64 per share.

As a result, Mattress Firm said it would not update its outlook for the full year and will not hold a conference call to discuss the quarterly results.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in stock price during the past year.

But the team also finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MFRM