NEW YORK (TheStreet) -- Wolverine World Wide (WWW) - Get Report stock is down by 4.73% to $16.70 in pre-market trading on Tuesday after the company provided lower-than-expected 2016 guidance. 

Before the market open on Tuesday, the footwear company reported earnings of 33 cents per share, higher than analysts' forecasts for earnings of 28 cents per share. Revenue of $751.2 million beat analysts' estimates for revenue of $747.5 million.

Wolverine projected 2016 earnings to range between $1.30 per share to $1.40 per share, lower than analysts' forecasts for earnings of $1.45 per share. Full-year revenue is expected to range between $2.47 billion to $2.57 billion, below analysts' forecasts for revenue of $2.7 billion. 

The company faces challenges such as domestic inventory overhang and weakness in China, Wolverine said in a statement. 

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 rates this stock as a "hold" with a ratings score of C.  The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: WWW

Image placeholder title

WWW

data by

YCharts