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TheStreet Open House

Why Catamaran Corp (CTRX) Is Plummeting on Thursday

Stock quotes in this article: CTRX

NEW YORK (TheStreet) -- Catamaran Corp (CTRX) is shedding value on Thursday after issuing guidance below expectations.

By midmorning, shares had taken off 10% to $46.63.

Over fiscal 2014 ending December, the managed healthcare provider guides for revenue between $20 billion and $21 billion, and adjusted earnings of $2.04 to $2.19 a share.

Analysts surveyed by Thomson Reuters forecast revenue of $20.16 billion and earnings of $2.41 a share.

Despite earnings guidance below expectations, fourth-quarter results managed to exceed consensus. The Schaumburg, Ill.-based business reported net income of 56 cents a share, 2 cents higher than expected, and revenue of $4.53 billion, a 36% year-over-year increase.

Also See: Why Best Buy Shares are Surging

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates CATAMARAN CORP as a Buy with a ratings score of A-. The team has this to say about their recommendation:

"We rate CATAMARAN CORP (CTRX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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