NEW YORK (TheStreet) -- Shares of CBS (CBS) - Get Report are down by 0.13% to $54.35 in late-afternoon trading on Tuesday, ahead of the company's fiscal 2016 second quarter results, due out after Thursday's market close. 

Wall Street is expecting earnings of 86 cents per share on revenue of $3.21 billion. The company reported earnings of 74 cents on revenue of $3.2 billion for the same period last year. 

The New York City-based media giant is "likely to beat" earnings estimates for this quarter, according to zacks.com. CBS outperformed Zack's estimates in the last four quarters.

"The question lingering in investors' minds now is, whether the company will be able to continue with its positive earnings surprise streak in the quarter to be reported," zacks.com said. 

Separately, 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. TheStreet Ratings has this to say about the recommendation:

We rate CBS CORP as a Buy with a ratings score of B. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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

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