NEW YORK (TheStreet) -- Shares of EMC Corp. (EMC) are gaining by 1.21% to $24.27 in midday trading on Tuesday, one day before the computer hardware company releases its fiscal 2015 fourth quarter earnings results.
The company's latest financial report is due to be released before the market open on Wednesday morning.
EMC has been forecast to report a year over year decline in its earnings per share results. However, revenue is expected to rise when compared to the same quarter in the prior year.
Analysts surveyed by Thomson Reuters are expecting earnings of 65 cents per share on revenue of $7.12 billion for the most recent quarter.
Last year, EMC reported non-GAAP earnings of 69 cents per share on revenue of $7 billion for the fiscal 2014 fourth quarter. Last year's fourth quarter earnings and revenue results had improved by 5% and 15% year-over-year respectively.
EMC is a Hopkinton, MASS-based service provider to information technology operations.
Separately, TheStreet Ratings has set a "hold" rating and score of C+ on EMC Corp. stock. The primary factors that have impacted the 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.
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: EMCEMC data by YCharts