We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Whirlpool (WHR) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
The most recent trading session ended with Whirlpool (WHR - Free Report) standing at $102.41, reflecting a -0.93% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%.
The maker of Maytag, KitchenAid and other appliances's shares have seen an increase of 5.44% over the last month, surpassing the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Whirlpool in its upcoming release. The company plans to announce its earnings on October 23, 2024. The company's upcoming EPS is projected at $3.04, signifying a 44.22% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.07 billion, down 17.29% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.31 per share and revenue of $16.78 billion. These totals would mark changes of -30.01% and -13.73%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Whirlpool. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Whirlpool holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Whirlpool is presently trading at a Forward P/E ratio of 9.14. This represents a discount compared to its industry's average Forward P/E of 13.55.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 188, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Whirlpool (WHR) Suffers a Larger Drop Than the General Market: Key Insights
The most recent trading session ended with Whirlpool (WHR - Free Report) standing at $102.41, reflecting a -0.93% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%.
The maker of Maytag, KitchenAid and other appliances's shares have seen an increase of 5.44% over the last month, surpassing the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Whirlpool in its upcoming release. The company plans to announce its earnings on October 23, 2024. The company's upcoming EPS is projected at $3.04, signifying a 44.22% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.07 billion, down 17.29% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.31 per share and revenue of $16.78 billion. These totals would mark changes of -30.01% and -13.73%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Whirlpool. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Whirlpool holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Whirlpool is presently trading at a Forward P/E ratio of 9.14. This represents a discount compared to its industry's average Forward P/E of 13.55.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 188, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.