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Whirlpool (WHR) Stock Drops Despite Market Gains: Important Facts to Note
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Whirlpool (WHR - Free Report) ended the recent trading session at $55.27, demonstrating a -1.36% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
Prior to today's trading, shares of the maker of Maytag, KitchenAid and other appliances had lost 0.51% lagged the Consumer Discretionary sector's gain of 2.79% and the S&P 500's gain of 3.93%.
The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. The company is expected to report EPS of $0.72, down 57.65% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $3.51 billion, indicating a 3.01% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.43 per share and a revenue of $15.33 billion, representing changes of -12.84% and -1.25%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Whirlpool. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Whirlpool is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Whirlpool is currently trading at a Forward P/E ratio of 10.32. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 10.32.
It is also worth noting that WHR currently has a PEG ratio of 2.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Household Appliances stocks are, on average, holding a PEG ratio of 2.75 based on yesterday's closing prices.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Whirlpool (WHR) Stock Drops Despite Market Gains: Important Facts to Note
Whirlpool (WHR - Free Report) ended the recent trading session at $55.27, demonstrating a -1.36% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
Prior to today's trading, shares of the maker of Maytag, KitchenAid and other appliances had lost 0.51% lagged the Consumer Discretionary sector's gain of 2.79% and the S&P 500's gain of 3.93%.
The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. The company is expected to report EPS of $0.72, down 57.65% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $3.51 billion, indicating a 3.01% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.43 per share and a revenue of $15.33 billion, representing changes of -12.84% and -1.25%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Whirlpool. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Whirlpool is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Whirlpool is currently trading at a Forward P/E ratio of 10.32. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 10.32.
It is also worth noting that WHR currently has a PEG ratio of 2.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Household Appliances stocks are, on average, holding a PEG ratio of 2.75 based on yesterday's closing prices.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.