NEW YORK (TheStreet) -- Shares of Supervalu (SVU)  are up 1.91% to $5.34 in afternoon trading as the company expects to post fiscal 2017 first quarter earnings and revenue before tomorrow's opening bell. 

Analysts project the Eden Prairie, MN-based wholesale distributor to report earnings of 22 cents per share on revenue of $5.3 billion. 

Last year, Supervalu posted earnings of 23 cents per share on revenue of $5.41 billion. 

Earlier this month, the company announced a long-term supply agreement with Marsh Supermarkets, where it will provide items such as meat, deli products and frozen foods, among other items. Supervalu is also expected to separate from Save-A-Lot this fall.

Separately, 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 has this to say about the recommendation:

We rate SUPERVALU INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself.

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

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