Why Nutrisystem (NTRI) Is Down Today

NEW YORK (TheStreet) -- Nutrisystem  (NTRI) fell 10.43% to $15.06 at the close of the trading day on Thursday after the company's guidance came up short of analysts' expectations.

Nutrisystem, which makes weight loss products, forecast earnings per share at a loss of 2 cents to a loss of 7 cents for the first-quarter of fiscal 2014. Nutrisystem also forecast revenue of $116 million to $121 million, while the consensus estimate calls for $117 million. For the full year, Nutrisystem expects EPS of 51 cents to 61 cents and revenue of $385 million to $405 million. The consensus estimate calls for EPS of 62 cents on revenue of $395.5 million. 

For the fourth-quarter, the company reported earnings per share of 4 cents, which edged analysts' estimates of 2 cents. Revenue totaled $69.9 million, which also bear the consensus estimate of $67 million.

The stock amassed a volume of 2,293,947. more than triple its average of 555,241. It hit a high of $16.33 and a low of $14.90 for the day. The stock has a one-year high of $20.54 and a one-year low of $7.18.

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TheStreet Ratings team rates NUTRISYSTEM INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NUTRISYSTEM INC (NTRI) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share."

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