Whirlpool (WHR) Reports Earnings Tomorrow: What To Expect

StockStory
28 Jan
Whirlpool (WHR) Reports Earnings Tomorrow: What To Expect

Home appliances manufacturer Whirlpool (NYSE:WHR) will be reporting earnings tomorrow after market hours. Here’s what you need to know.

Whirlpool missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $3.99 billion, down 18.9% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.

Is Whirlpool a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Whirlpool’s revenue to decline 16.9% year on year to $4.23 billion, a reversal from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.31 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Whirlpool has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Whirlpool’s peers in the electrical systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. LSI delivered year-on-year revenue growth of 35.5%, beating analysts’ expectations by 14.3%, and OSI Systems reported revenues up 12.5%, topping estimates by 3.2%. LSI traded up 11.7% following the results while OSI Systems was also up 18.4%.

Read our full analysis of LSI’s results here and OSI Systems’s results here.

There has been positive sentiment among investors in the electrical systems segment, with share prices up 4.1% on average over the last month. Whirlpool is up 16.8% during the same time and is heading into earnings with an average analyst price target of $113.03 (compared to the current share price of $134.50).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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