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Whirlpool (WHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Whirlpool (WHR - Free Report) closed at $34.00 in the latest trading session, marking a -3.44% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the maker of Maytag, KitchenAid and other appliances had lost 14.89% in the past month. In that same time, the Consumer Discretionary sector lost 3.76%, while the S&P 500 lost 0.82%.
The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. The company's earnings per share (EPS) are projected to be $1.01, reflecting a 51.67% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.99 billion, down 1.07% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.25 per share and revenue of $14.92 billion. These totals would mark changes of -63.88% and -3.92%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Whirlpool. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Whirlpool is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Whirlpool is currently trading at a Forward P/E ratio of 15.65. This signifies no noticeable deviation in comparison to the average Forward P/E of 15.65 for its industry.
It's also important to note that WHR currently trades at a PEG ratio of 15.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Household Appliances industry had an average PEG ratio of 8.04 as trading concluded yesterday.
The Household Appliances industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Whirlpool (WHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Whirlpool (WHR - Free Report) closed at $34.00 in the latest trading session, marking a -3.44% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the maker of Maytag, KitchenAid and other appliances had lost 14.89% in the past month. In that same time, the Consumer Discretionary sector lost 3.76%, while the S&P 500 lost 0.82%.
The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. The company's earnings per share (EPS) are projected to be $1.01, reflecting a 51.67% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.99 billion, down 1.07% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.25 per share and revenue of $14.92 billion. These totals would mark changes of -63.88% and -3.92%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Whirlpool. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Whirlpool is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Whirlpool is currently trading at a Forward P/E ratio of 15.65. This signifies no noticeable deviation in comparison to the average Forward P/E of 15.65 for its industry.
It's also important to note that WHR currently trades at a PEG ratio of 15.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Household Appliances industry had an average PEG ratio of 8.04 as trading concluded yesterday.
The Household Appliances industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.