How Will Manulife Financial (MFC) Stock React to Thursday’s Q2 Results?

NEW YORK (TheStreet) -- Shares of Manulife Financial (MFC) were advancing in midday trading on Wednesday ahead of the company's 2016 second-quarter earnings, due out before tomorrow's opening bell.

Wall Street is modeling that earnings per share and revenue will rise year-over-year. 

Analysts polled by Thomson Reuters expect the Toronto-based life insurance company to post earnings of 35 cents per share on revenue of $9.52 billion.

Last year, Manulife earned 34 cents per share on revenue of $855.9 million.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

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, attractive valuation levels, good cash flow from operations and increase in net income.

The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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: MFC

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