Why Financial Engines (FNGN) Is Down Today

NEW YORK (TheStreet) -- Financial Engines  (FNGN) was plunging 11.53% to $55 on Friday afternoon after the company, which helps customers plan retirement, reported fourth-quarter results and issued guidance for the fiscal year 2014 that came up short of analysts' expectations.

The company noted profit of $9.3 million, or 17 cents per share, up from $6.5 million, or 13 cents per share, in the same period one year ago. Adjusted earnings for the quarter were $11.9 million, or 22 cents per share, which was just shy of expectations of 23 cents a share, according to analysts polled by Thomson Reuters.

Revenue spiked 27% year over year to $65.2 million from $51.4 million, but analysts expected revenues of $65.86 million.

For the full year 2014, the company issued revenue guidance of $274 million to $279 million, while analysts expect $287.72 million.

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TheStreet Ratings team rates FINANCIAL ENGINES INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate FINANCIAL ENGINES INC (FNGN) a BUY. This is driven by a number of 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

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