NEW YORK (TheStreet) -- Hormel Foods Corp. (HRL - Get Report)  will be releasing its first quarter 2016 earnings on Tuesday before the opening bell. 

Wall Street is looking for earnings of 37 cents a share on revenue of $2.4 billion for the latest quarter.

These estimates are higher than a year ago when the company earned 34 cents a share on revenue of $2.395 billion.

Analysts are bullish ahead of Hormel's financial results given its solid long-term prospects. The company has high-quality products and has been working to enhance its portfolio, according to Zacks Equity Research.

Shares closed Thursday's trading session down 0.02% to $41.68.

Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A+.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

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.

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

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