We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Whirlpool (WHR) Tops Q2 Earnings & Sales, Updates Guidance
Whirlpool Corp. (WHR - Free Report) , the largest home-appliances manufacturer in the world, released its second-quarter 2016 results, wherein earnings from ongoing business of $3.50 per share jumped 29.6% from $2.70 a share earned in the year-ago quarter, also cruising ahead of the Zacks Consensus Estimate of $3.37.
Following the results, Whirlpool raised the lower end of its previous earnings guidance range, and now expects full year 2016 GAAP earnings in the range of $11.50 – $12.00 per share. Earnings from ongoing business is now envisioned in a band of $14.25 – $14.75 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been trending downwards over the last 7 days. However, if we look at Whirlpool’s performance in the trailing four quarters (including the quarter under review), the company has an average positive surprise of 3.3%.
WHIRLPOOL CORP Price and EPS Surprise
WHIRLPOOL CORP Price and EPS Surprise | WHIRLPOOL CORP Quote
Revenues: Whirlpool’s net sales remained flat at $5,198 million, while it came ahead of the Zacks Consensus Estimate of $5,101 million. On a currency-neutral basis, sales advanced 3%.
Zacks Rank: Currently, Whirlpool carries a Zacks Rank #3 (Hold) which is subject to change following the just released earnings results.
Check back later for our full write up on Whirlpool’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>