NEW YORK (TheStreet) -- Ericsson (ERIC) - Get Report stock is higher by 2.57 to $9.57 in late-afternoon trading on Tuesday, before the company releases its 2015 fourth quarter financial results ahead of tomorrow's market open.
Analysts have forecast for a year-over-year rise in both earnings and revenue.
Analysts surveyed by Thomson Reuters expect the company to report earnings of 24 cents per share on revenue of $8.46 billion for the most recent quarter.
Last year, the company reported earnings of 15 cents per share on revenue of $8.2 billion for the fiscal 2014 fourth quarter.
Ericsson is a Sweden-based provider of communications technology and services.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Ericsson's strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels are countered by weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.
You can view the full analysis from the report here: ERIC
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 article's author.