NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) continue to plunge, and are down -11.22% to $11.63 in pre-market trading, after the company reported mixed first quarter earnings and issued full year guidance lower than analysts' expectations.
The company forecasts full year revenue of $530 million to $540 million, lower than the consensus estimate of $593.78 million.
Smith & Wesson reported earnings from continuing operations of 26 cents per share, just above the consensus estimate of 25 cents a share, but lower than the 40 cents per share in the same quarter of 2013.
Revenue declined to $131.87 million from $171.02 million a year ago, and missed analysts' expectations of $133.93 million.
Separately, TheStreet Ratings team rates SMITH & WESSON HOLDING CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SMITH & WESSON HOLDING CORP (SWHC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: SWHC Ratings Report
SWHC data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.