The CEO of L Brands’ LB Victoria’s Secret division, Jan Singer is reportedly stepping down from the company as sales continue to slow. Amid this news, L Brands is set to report its third-quarter financial results after the closing bell Monday. So, let’s see if LB stock might be able to build on its recent 13% jump over the last month.Recent News & Overview Victoria’s Secret’s CEO is set to step down after roughly two years at the company, according to a Wall Street Journal report. Singer, who spent time at Spanx and Nike NKE, moves on from the retailer at a time of immense uncertainty within the brand as sales falter.With that said, L Brands, which also owns Bath & Body Works, La Senza, and Henri Bende, reported its sales figures for the four-week period that ended on November 3. The company posted net sales of $860.5 million, which marked an 8% jump from the comparable period last year.L Brands also released its sales figures for the 13-week period, which helps us gauge what to expect from the company’s Q3 revenues. The firm’s net sales jumped roughly 6% from $2.618 billion in the year-ago period to hit $2.775 billion. Plus, L Brands’ comparable sales popped 4%. Complete Q3 OutlookMoving on, our current Zacks Consensus revenue estimate falls in-line with the firm’s $2.775 billion net sales figure. Meanwhile, L Brands’ full-year revenues are projected to jump 4.3% to touch $13.17 billion. It is also worth noting that Victoria’s Secret sales are projected to slip nearly 2% from $1.539 billion in the prior-year quarter to $1.509 billion, based on our NFM estimates.Meanwhile, at the other end of the income statement, the retailer’s adjusted quarterly earnings are projected to plummet 46.7% from $0.30 per share to reach $0.16 per share. Therefore, with this massive, expected year-over-year decline most likely priced-in at the moment, we need to know how L Brands’ earnings estimate revisions have been trending—since a beat could be helpful.L Brands has received four upward earnings estimate revisions for its current quarter within the last seven days alone. This helps us see that some analysts are more positive about the retailer’s earnings picture than they have been recently. Plus, the chart helps us see that earnings might be better down the road, with more revisions coming in for its current year and the following fiscal year.Bottom LineL Brands is currently a Zacks Rank #2 (Buy) based on its recent positive earnings estimate revision activity. The company, which also sports an “A” grade for Value in our Style Scores system, has seen its stock price surge 13% over the last month amid the larger market downturn. But investors should note that shares of LB sunk over 4% through early afternoon trading Thursday, likely on the back of Singer’s departure.L Brands is set to release its Q3 financial results after the closing bell on Monday, November 19. The company follows reports from fellow retailers Macy's M, J. C. Penney JCP, Nordstrom JWN, and giants like Walmart WMT.Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research