NEW YORK (TheStreet) -- Polaris Industries (PII) - Get Report stock is declining by 11.74% to $70.87 on heavy trading volume on Tuesday, after the company reported lower-than-expected 2015 fourth quarter earnings results.
Before the market open on Tuesday, the off-road vehicle manufacturer reported that earnings declined by 16% year-over-year to $1.66 per share, which missed analysts' forecasts for earnings of $1.69 per share.
Revenue declined by 13% year-over-year to $1.1 billion, higher than analysts' estimates for revenue of $1.08 billion.
Unseasonably warm weather caused a decline in off-road vehicle and snowmobile sales, which dropped by 18%, according to Polaris. Additionally, the company faces weak sales in oil markets and in farm economies, the company said in a presentation.
"Our performance failed to meet our earlier projections, as both external and internal challenges restrained growth and profitability," CEO Scott Wine said in a statement. "The strengthening dollar and weakening oil markets combined with an unseasonably warm winter constrained demand for off-road vehicles and snowmobiles, placing pressure on dealer inventory and forcing us to curtail shipments in the fourth quarter."
So far today, 2.62 million shares of Polaris have traded, higher than the company's 30-day average of 1.55 million shares.
Separately, 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.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: PII