NEW YORK (TheStreet) -- Shares of Eaton (ETN) - Get Report were advancing late Monday morning ahead of the company's 2016 third quarter earnings, due out before tomorrow's market open.

Wall Street is projecting that earnings will rise year-over-year, while revenue will be lower than last year.

Analysts surveyed by FactSet are forecasting adjusted earnings of $1.15 per share on revenue of $5.06 billion.

During the same quarter a year ago, the Dublin-based power management company earned 97 cents per share on revenue of $5.20 billion.

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

The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

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: ETN

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