NEW YORK (TheStreet) -- Shares of D.R. Horton (DHI) - Get Report are up 1.06% to $34.43 in midday trading Wednesday ahead of the company's 2016 fiscal third quarter results, due out before tomorrow's market open.

Analysts are expecting an increase year-over-year in earnings and revenue.

Wall Street is projecting that the Fort Worth-based homebuilder will post earnings of 66 cents per share on revenue of $3.25 billion.

Last year, D.R. Horton earned 60 cents per diluted share on revenue of $2.86 billion.

MKM Partners maintained its "neutral" rating and $31 price target on the stock ahead of the earnings report.

"DHI is a premium operator in the space, but we remain concerned about its valuation level. We estimate that DHI is currently trading at 2.0x book value which has historically been a difficult level to maintain absent very strong topline growth," the firm wrote in a recent analyst note.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels.

The team believes its strengths outweigh the fact that the company shows low profit margins.

Recently, 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: DHI

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