Whirlpool (NYSE:WHR – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of approx $12.00 for the period, compared to the consensus estimate of $12.46. The company issued revenue guidance of $16.9 billion, compared to the consensus revenue estimate of $16.75 billion. Whirlpool also updated its FY 2024 guidance to 12.000-12.000 EPS.
Wall Street Analysts Forecast Growth
WHR has been the topic of several analyst reports. StockNews.com cut shares of Whirlpool from a buy rating to a hold rating in a research note on Friday, April 26th. Bank of America raised 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 cut their price target on Whirlpool from $79.00 to $76.00 and set an underperform rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Whirlpool has a consensus rating of Hold and an average price target of $100.50.
Check Out Our Latest Report on Whirlpool
Whirlpool Trading Down 2.0 %
Whirlpool (NYSE:WHR – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the company posted $4.21 EPS. As a group, analysts predict that Whirlpool will post 12 EPS for the current year.
Whirlpool Company Profile
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.
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