Whirlpool (NYSE:WHR – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of approx $12.00 for the period, compared to the consensus EPS 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
Several equities analysts have commented on WHR shares. StockNews.com downgraded Whirlpool from a buy rating to a hold rating in a report on Friday, April 26th. Bank of America raised their target price on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Finally, Royal Bank of Canada cut their target price on shares of Whirlpool from $79.00 to $76.00 and set an underperform rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Whirlpool presently has an average rating of Hold and a consensus price target of $100.50.
Read Our Latest Research Report on Whirlpool
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting the consensus estimate of $2.39. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm’s revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the company earned $4.21 earnings per share. Equities analysts forecast that Whirlpool will post 12 earnings per share for the current fiscal 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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