NEW YORK (TheStreet) -- Shares of Big Lots (BIG) - Get Report finished the day in the green, having traded higher by 0.76% to $43.67 on Wednesday afternoon, as the company is preparing to release its latest earnings report this week.

The discount retail chain will announce the results from its 2016 first quarter before the market open on Friday morning.

Analysts are expecting Big Lots to post a year over year rise in its earnings per share and revenue results for the most recent quarter.

A survey of analysts by Thomson Reuters shows that the company has been forecast to report earnings of 70 cents per share on revenue of $1.29 billion for the three month period ended in April.

Big Lots earnings came in at 60 cents per share on revenue of $1.28 billion for the 2015 first quarter.

Big Lots is a Columbus, OH-based retailer with locations across the U.S., specializing in the sale of furniture, electronics, pet supplies, grocery, seasonal products and more.

Separately, TheStreet Ratings has set a "buy" rating and a score of B+ on Big Lots stock. This is driven by a number of strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in net income. Although no company is perfect, currently TheStreet Ratings does not see any significant weaknesses which are likely to detract from the generally positive outlook.

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: BIG

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