NEW YORK (TheStreet) -- Shares of Broadcom (AVGO) - Get Report are up by 0.41% to $154.99 in late-afternoon trading on Wednesday, as the Singapore-based semiconductor company prepares to report 2016 second quarter earnings after the market close on Thursday. 

Analysts have forecast for a year-over-year rise in both earnings and revenue.

Broadcom is expected to report adjusted earnings of $2.38 per share on revenue of $3.55 billion for the most recent period, according to analysts surveyed by Thomson Reuters.

Last year, the company reported adjusted earnings of $2.13 per share on revenue of $1.61 billion for the 2015 second quarter.

Broadcom has surpassed analysts' estimates in each of the last four quarters with an average beat of 6.6%, according to analysts at Zacks.

"We see Broadcom continuing to execute through a challenging macro environment," analysts at BMO Capital  Markets contended in a note yesterday. "While clearly none of the end markets the company participates in are on fire, we do believe Broadcom's business is on track to deliver on the expectations for the April quarter."

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A+.

Broadcom's strengths such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

You can view the full analysis from the report here: AVGO

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 article's author.

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