Men’s Wearhouse Inc. (NYSE: MW) is scheduled to report its fiscal third-quarter financial results after the markets close on Wednesday. The consensus estimates call for $0.50 in earnings per share (EPS) on $876.81 million in revenue. The same period from the previous year had $0.83 in EPS on $890.64 million in revenue.

The company saw an incredibly negative reaction from investors after it provided preliminary sales results for its fiscal third quarter, as well as fourth-quarter estimates, in early November. These results are not guaranteed, but we can assume by the date they will not have changed much. Then again, this might be expected with the stock steadily declining since June, with weaker summer and fall sales.

In the update, Men’s Wearhouse said that it expects EPS to be in the range of $0.46 to $0.51 for the third quarter, down from its previous expectation of $0.87. The consensus estimate for the third quarter was EPS of $0.99.

Much of this heartache was due to a significant sales weakness at the Jos. A. Bank segment; comparable sales decreased by 14.6%, far below earlier expectations. This decrease primarily was driven by a decline in traffic as the company began the transition away from the “Buy-One-Get-Three” promotional events.

Ahead of the earnings report, a few analysts weighed in on the company:

• Goldman Sachs downgraded it to a Neutral rating from Buy.
• Jefferies downgraded it to Hold from Buy.
• Mizuho downgraded it to Neutral from Buy.

So far in 2015, Men’s Wearhouse has vastly underperformed the market, with the stock down about 55% year to date. The performance over the past 52 weeks is nearly identical.

Shares of Men’s Wearhouse were last seen down fractionally to $19.64, with a consensus analyst price target of $30.80 and a 52-week trading range of $18.09 to $66.18.

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