Whirlpool Earnings Predictions: Analysts Revise Expectations

Whirlpool Corp Earnings Expectations
Whirlpool Corporation (NASDAQ: WHR) is set to announce its earnings later this month. Analysts have observed a significant decline in anticipated earnings per share (EPS) for the company.
Quarterly Earnings Breakdown
Currently, analysts predict that Whirlpool will report a quarterly EPS of $1.74, a noticeable decrease from the previous year's $2.39. The company's revenue projection for this quarter stands at approximately $3.88 billion, a slight dip from $3.99 billion reported last year.
Recent Developments in Whirlpool
In a strategic move, the board recently appointed Judith K. Buckner, the president of Reynolds Cooking & Baking, to its board. This decision is part of Whirlpool's plan to enhance its leadership and governance.
Stock Performance Update
As for stock performance, Whirlpool shares experienced a modest increase of 1.1%, closing at $99.74 on the trading day prior to the earnings announcement.
Analyst Ratings Overview
Investor interest in Whirlpool remains high, and analysts have been actively adjusting their ratings to reflect the company’s upcoming performance. Here are some insights from the latest analyst ratings:
- B of A Securities analyst Rafe Jadrosich revised his stance, upgrading Whirlpool from Underperform to Neutral while increasing the price target from $68 to $94.
- JP Morgan's Michael Rehaut maintained a Neutral rating and adjusted the price target from $109 to $89.
- RBC Capital's Mike Dahl upheld an Underperform rating but lowered the price target from $76 to $74.
- Loop Capital's Laura Champine initiated coverage of the stock with a Buy rating and a target price of $140.
- Morgan Stanley analyst Benjamin Swinburne kept an Equal-Weight rating but upped the price target from $385 to $415.
Reasons to Consider WHR Stock
Considering an investment in Whirlpool Corp? Analysts appear optimistic about its long-term potential. This outlook can be appealing for both seasoned investors and newcomers to the market.
The combination of revised analyst ratings and the innovative leadership choices at Whirlpool may boost investor confidence. As the earnings call approaches, stakeholders will be eager to hear from the management about future growth opportunities and strategies.
Frequently Asked Questions
What are the expected earnings for Whirlpool?
Analysts expect Whirlpool to report an EPS of $1.74 for the upcoming quarterly earnings.
How has Whirlpool's stock performed recently?
Whirlpool shares increased by 1.1%, ending at $99.74 prior to the earnings announcement.
Who has been appointed to Whirlpool’s board recently?
Judith K. Buckner, president of Reynolds Cooking & Baking, was recently appointed to Whirlpool’s board.
What was the change in revenue expectations for Whirlpool?
Whirlpool is projected to report quarterly revenue of $3.88 billion, down from $3.99 billion last year.
Which analysts upgraded or downgraded their ratings on Whirlpool?
Analysts from B of A Securities, JP Morgan, RBC Capital, Loop Capital, and Morgan Stanley have issued various updates to their ratings and price targets for Whirlpool.
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