NEW YORK (TheStreet) -- Home Depot (HD) - Get Home Depot, Inc. (HD) Report stock is up 3.39% to $127.01 in pre-market trading on Tuesday after the company reported better-than-expected 2015 fourth quarter results. 

Before the market open, the home improvement retailer reported earnings of $1.17 per share, compared to analysts' forecasts for earnings of $1.10 per share. Revenue of $21 billion beat analysts' estimates for revenue of $20.4 billion.

"Another blowout and another big buyback and growth in Mexico and spring planting coming?" TheStreet's Jim Cramer said. "What a story, but we need to hear the conference call before we really make a judgment."

The company raised its quarterly dividend by 17% to 69 cents per share. 

Additionally, Home Depot announced that it will add five new stores in Mexico during 2016. The company projects that 2016 revenue will rise by 5.1% to 6%.

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 Recommends

TheStreet Ratings rates this stock as a "buy" with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. 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: HD

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