NEW YORK (TheStreet) -- Shares of AMC Networks (AMCX) were gaining in mid-afternoon trading on Wednesday ahead of the company's 2016 third quarter earnings, due out before tomorrow's opening bell.

Wall Street is expecting earnings and revenue to increase year-over-year.

Analysts surveyed by FactSet are forecasting earnings of $1.02 per share on revenue of $656.9 million.

During the same quarter last year, the New York-based company earned 99 cents per diluted share on revenue of $632.17 million.

AMC Networks owns and operates several cable television brands including AMC, IFC, SundanceTV, WE tv and IFC films.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and expanding profit margins.

But the team also finds weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing 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 articles's author.

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

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