NEW YORK (TheStreet) -- Shares of Winnebago Industries(WGO) - Get Report are down 4.92% to $20.30 in morning trading on Thursday after the company missed analysts first quarter earnings expectations.

The recreational vehicle maker reported first quarter net income of $8.6 million or 32 cents per share on revenue that fell 4.5% year over year to $214.2 million.

Analysts on average were expecting the company to report earnings of 37 cents per share on revenue of $226.26 million. 

The company said that consolidated revenue was hurt by lower motorized unit shipments due to manufacturing inefficiencies and heightened focus on quality. 

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 has this to say about the recommendation:

We rate WINNEBAGO INDUSTRIES as a Buy with a ratings score of B. This is driven by multiple strengths, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Image placeholder title


data by