NEW YORK (TheStreet) -- DreamWorks Animation  (DWA) stock continues to surge, up by 16.19% to $24.47 on heavy trading volume on Wednesday, after the company reported better-than-expected 2015 fourth quarter results. 

After the market close on Tuesday, the entertainment company reported adjusted earnings of 55 cents per share, better than analysts projections for earnings of 16 cents per share.

Revenue of $319.3 million topped analysts' forecasts for revenue of $274.02 million. 

Revenue from the company's Television Series and Specials division climbed by about 106% year-over-year to $104.9 million. 

"After a couple years of uneven performance, these are very solid results from DreamWorks," Paul Sweeney, a Bloomberg Intelligence analyst, told Bloomberg. "It appears that management's focused theatrical strategy and growing television and merchandise businesses are beginning to gain traction."

So far today, 2.57 million shares of DreamWorks have traded, well above the company's 30-day average of about 1.04 million shares. 

Separately, 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.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

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

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