NEW YORK (TheStreet) -- Costco Wholesale Corp. (COST) - Get Report is scheduled to report its fiscal 2015 second quarter earnings results before the market open on Thursday morning.

Analysts are expecting the company, which operates membership warehouses across the U.S., Canada, the U.K., Mexico, and several other countries where consumers can purchase groceries and other items in bulk, to post a year-over-year increase in its earnings per share and revenue results for the most recent quarter.

Costco has been forecast to report earnings of $1.18 per share for the quarter ended February 2015 on revenue of $27.7 billion.

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Last year Costco said its fiscal 2014 second quarter earnings were $1.05 per diluted share on total revenue of $23.3 billion.

Shares of Costco are down by 0.65% to $146.41 in mid-morning trading on Wednesday.

Separately, TheStreet Ratings team rates COSTCO WHOLESALE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate COSTCO WHOLESALE CORP (COST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• COST's revenue growth has slightly outpaced the industry average of 2.4%. Since the same quarter one year prior, revenues slightly increased by 7.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
• COSTCO WHOLESALE CORP has improved earnings per share by 16.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, COSTCO WHOLESALE CORP increased its bottom line by earning $4.66 versus $4.63 in the prior year. This year, the market expects an improvement in earnings ($5.19 versus $4.66).
• The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Food & Staples Retailing industry average. The net income increased by 16.7% when compared to the same quarter one year prior, going from $425.00 million to $496.00 million.
• Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 26.55% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
• Net operating cash flow has increased to $1,128.00 million or 20.12% when compared to the same quarter last year. Despite an increase in cash flow, COSTCO WHOLESALE CORP's cash flow growth rate is still lower than the industry average growth rate of 37.87%.
• You can view the full analysis from the report here: COST Ratings Report