NEW YORK (TheStreet) -- Shares of Constellium (CSTM) - Get Constellium SE Class A Report were falling 14.9% to $17.85 Wednesday after the metal fabrication company missed analysts' expectations for earnings in the third quarter.
Constellium reported earnings of 31 euro cents a share for the third quarter, missing the Capital IQ Capital Consensus Estimate of 32 euro cents a share. Revenue grew 7.5% year over year to 927 million euros, above analysts' estimates of 906.52 million euros for the quarter.
Shipments grew 4% year over year in the quarter to 266,000 metric tons, up from 257,000 metric tons in the year-ago quarter.
The company said that it is facing challenges from customer program delays, which may impact future sales of higher value-add products in its Aerospace and Transportation segment.
TheStreet Ratings team rates CONSTELLIUM NV as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONSTELLIUM NV (CSTM) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally high debt management risk."
You can view the full analysis from the report here: CSTM Ratings Report