Whirlpool Corp up 2.41% at $168.62 after earnings beat

Tuesday, July 26, 2022 – Whirlpool Corp (WHR) reported rising profits and falling revenue.

Whirlpool Corp’s earnings reached EPS of $5.97 per share, 14.00% above estimates for EPS of $5.24 per share. The company’s earnings are down 10% since reporting $6.64 per share in the same period a year ago. Please keep in mind that reported earnings were on an adjusted basis, so they may not be comparable to previous reports and/or analyst estimates.

Revenue was weak at $5.1 billion. This represents a 4.26% drop in revenue from the prior year’s report and 2.54% below the consensus estimate of $5.2 billion.

The stock is up 2.41% at $168.62 after the report.

Whirlpool Corp’s profit margins took a hit as profits fell at a faster rate than revenues.

The average recommendation from Wall Street analysts was a hold that could be revised based on this new data.

InvestorsObserver gives the stock a bearish sentiment score at the moment based on recent trading.

Before the report InvestorsObserver gave the stock an overall rating of 32. Meanwhile, the average Wall Street analyst rated the stock as Hold.

Whirlpool Corp is a global manufacturer and marketer of major home appliances and related products. Its segments include North America, Europe/Middle East/Africa, Latin America and Asia. Most of the company’s sales are in North America. The products are divided into different classes, including laundry appliances, refrigerators and freezers, cooking appliances and others. The majority of revenue comes from the laundry appliances and refrigerators and freezers categories. Whirlpool also sells its products to other manufacturers, distributors and retailers for resale in its geographic segments. The company’s major international brands include Whirlpool, KitchenAid, Maytag, Consul and Brastemp, among others.

Comments are closed.