NEW YORK (TheStreet) -- Toyota Motor (TM - Get Report) shares are rising 1.99% to $104.65 on Tuesday afternoon ahead of the company's fiscal 2016 fourth quarter results set to be released on Wednesday before the market open.
Wall Street expects the company to post net profit of Yen 466.5 billion in the recent quarter, up 5% year-over-year.
Revenue is projected to be Yen 7 trillion, down 2% year-over-year.
Results will likely be helped by favorable foreign currency fluctuations, Zacks analysts said.
In addition, the company's global sales for 2016 rose 0.5% to 9.16 million units, which was higher than the company's expectations.
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, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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: TM