Before today's market open, the Waukesha, WI-based generator company reported adjusted earnings of 97 cents per share, surpassing analysts' expectations for earnings of 89 cents per share.
Revenue for the period was $357.8 million, higher than Wall Street's estimates of $346.6 million.
"Despite the ongoing low power outage environment, shipments of residential products improved organically on a sequential basis during the fourth quarter and exceeded our expectations," CEO Aaron Jagdfeld said in a statement this morning.
"This strength helped to largely offset additional weakness with shipments of mobile products caused by the ongoing decline in energy prices," he added.
Generac Holdings is a designer and manufacturer of a range of power generation equipment and other engine powered products.
Separately, TheStreet Ratings Team has a Hold rating with a score of C on the stock.
The primary factors that have impacted its rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity.
As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and weak operating cash flow.
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: GNRC