NEW YORK (TheStreet) -- Shares of Dow Chemical (DOW) - Get Report  are rising 0.51% to $53.54 in late-afternoon trading ahead of the company's 2016 second quarter earnings report due out before the market open on Thursday.

Analysts are expecting the company to report earnings of 86 cents per share on revenue of $11.24 billion. For the 2015 second quarter, the company earned 97 cents per share and revenue of $12.9 billion.

The company is also making moves to gain approval from antitrust commissions for its $130 billion proposed merger with DuPont (DD).

Dow has offered concessions to the European Commission to dispel antitrust concerns. The EU competition enforcer has delayed its decision on the deal to August 11 from July 28.

The Department of Justice is also currently reviewing the merger.

The companies first proposed the deal in December 2015, and they plan to combine before splitting into three separate entities.

(Dow Chemical is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)

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 rated this stock as a "buy" with a ratings score of B+.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, notable return on equity and solid stock price performance. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.

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

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