NEW YORK (TheStreet) -- Shares of Carnival Corp. (CCL) - Get Report are higher by 0.65% to $49.36 at the start of trading on Tuesday morning, one day prior to the release of the vacation company's latest quarterly financial results.

The cruise line vacation operator company will report its 2016 first quarter earnings before the market open on Wednesday.

Analysts are expecting that Carnival will post a year over year rise in both its earnings per share and revenue results for the three month period ended in February 2016.

A survey by Thomson Reuters shows that analysts have forecast for earnings of 32 cents per share on revenue of $3.63 billion for the most recent quarter.

Last year the company reported non-GAAP adjusted earnings of 20 cents per diluted share on revenue of $3.53 billion for the 2015 first quarter.

Based in Miami, Carnival operates three cruise segments with brands in North America, Europe, Australia and Asia.

Separately, TheStreet Ratings has set a "buy" rating and a score of B+ on Carnival stock. This is driven by several positive factors, 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 impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, TheStreet Ratings feels they are unlikely to have a significant impact on results.

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: CCL

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