What to Expect When Time Warner Cable (TWC) Reports Q1 Earnings

NEW YORK (TheStreet) -- Time Warner Cable (TWC)  is slated to report its 2016 first quarter financial results on Thursday before the market open. 

Year-over-year, profit and revenue are projected to increase. 

Wall Street is looking for earnings of $1.74 a share on revenue of $6.14 billion for the recent period. A year ago, the company earned $1.65 a share on revenue of $5.78 billion. 

These results come as its merger deal with Charter Communications (CHTR) appears to be making positive strides. 

On Monday, the U.S. government approved Time Warner Cable's plans to be acquired by fellow cable provider Charter Communications in a $55 billion deal. 

Charter agreed to buy the company in May 2015. The transaction was expected to close by the end of the last year, but has been delayed due to regulatory reviews from the FCC, Justice Department, and the California Public Utilities Commission.

Shares are retreating 0.72% to $209.33 on Wednesday afternoon.

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

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, expanding profit margins 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.

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 article's author.

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

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