Whirlpool (NYSE:WHR – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.000-12.000 for the period, compared to the consensus earnings per share estimate of 12.540. The company issued revenue guidance of $16.9 billion-$16.9 billion, compared to the consensus revenue estimate of $16.8 billion. Whirlpool also updated its FY24 guidance to approx $12.00 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on WHR. StockNews.com lowered shares of Whirlpool from a buy rating to a hold rating in a research report on Friday, April 26th. Bank of America boosted their target price on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. Finally, Royal Bank of Canada lowered their price target on shares of Whirlpool from $85.00 to $79.00 and set an underperform rating on the stock in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $111.00.
Read Our Latest Stock Analysis on Whirlpool
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.06. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company posted $4.21 EPS. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities research analysts forecast that Whirlpool will post 12.37 EPS for the current fiscal year.
About Whirlpool
Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
Featured Stories
- Five stocks we like better than Whirlpool
- How to Calculate Return on Investment (ROI)
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- How to Effectively Use the MarketBeat Ratings Screener
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.