Whirlpool (WHR) closed at $81.72 in the latest trading session, marking a +0.43% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.01%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 0.32%.
The stock of the maker of Maytag, KitchenAid, and other appliances has risen by 6.17% in the past month, lagging the Consumer Discretionary sector’s gain of 6.65% and overreaching the S&P 500’s gain of 5.2%.
Market participants will be closely following the financial results of Whirlpool in its upcoming release. In that report, analysts expect Whirlpool to post earnings of $1.73 per share, a year-over-year decline of 27.62%. The Zacks Consensus Estimate for revenue is projecting net sales of $3.84 billion, down 3.8% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $8.61 per share and revenue of $15.5 billion, demonstrating changes of -29.48% and -6.7%, respectively, from the preceding year.
Recent changes to analyst estimates for Whirlpool reflect the evolving landscape of near-term business trends. Positive estimate revisions signify analyst optimism about the company’s business and profitability.
Analysts’ adjustments in estimates are directly associated with imminent stock price performance. To capitalize on this, the Zacks Rank, a unique model that incorporates these estimate changes, offers a practical rating system. Whirlpool currently holds a Zacks Rank #4 (Sell).
Whirlpool (WHR) Stock Analysis
Looking at its valuation, Whirlpool is holding a Forward P/E ratio of 9.45, in line with the average Forward P/E of 9.45 for its industry. The Household Appliances industry, part of the Consumer Discretionary sector, currently carries a Zacks Industry Rank of 224, placing it within the bottom 9% of over 250 industries.
The Zacks Industry Rank evaluates the power of distinct industry groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Whirlpool Corporation (WHR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
