J.C. Penney (NYSE: JCP) stock has plunged in 2017, as investors have started to become more skeptical about the company’s turnaround prospects. While J.C. Penney expects to produce positive adjusted earnings per share of $0.40 to $0.65 this year, much of that profit will come from real estate gains. Meanwhile, comparable-store sales fell 3.5% in the first quarter, making the goal of consistent comp sales growth seem as far-fetched as ever.