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Whirlpool (WHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Whirlpool (WHR - Free Report) was down 2.32% at $30.67. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The maker of Maytag, KitchenAid and other appliances's shares have seen a decrease of 23.12% over the last month, not keeping up with the Consumer Discretionary sector's loss of 8.3% and the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Whirlpool in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.01, reflecting a 51.67% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.99 billion, reflecting a 1.07% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.25 per share and a revenue of $14.92 billion, indicating changes of -63.88% and -3.92%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Whirlpool. These revisions help to show the ever-changing nature of 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Whirlpool is currently a Zacks Rank #2 (Buy).
In terms of valuation, Whirlpool is presently being traded at a Forward P/E ratio of 13.96. This signifies a discount in comparison to the average Forward P/E of 14.93 for its industry.
Also, we should mention that WHR has a PEG ratio of 13.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Household Appliances industry currently had an average PEG ratio of 7.2 as of yesterday's close.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow WHR in the coming trading sessions, be sure to utilize Zacks.com.
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Whirlpool (WHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Whirlpool (WHR - Free Report) was down 2.32% at $30.67. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The maker of Maytag, KitchenAid and other appliances's shares have seen a decrease of 23.12% over the last month, not keeping up with the Consumer Discretionary sector's loss of 8.3% and the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Whirlpool in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.01, reflecting a 51.67% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.99 billion, reflecting a 1.07% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.25 per share and a revenue of $14.92 billion, indicating changes of -63.88% and -3.92%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Whirlpool. These revisions help to show the ever-changing nature of 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Whirlpool is currently a Zacks Rank #2 (Buy).
In terms of valuation, Whirlpool is presently being traded at a Forward P/E ratio of 13.96. This signifies a discount in comparison to the average Forward P/E of 14.93 for its industry.
Also, we should mention that WHR has a PEG ratio of 13.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Household Appliances industry currently had an average PEG ratio of 7.2 as of yesterday's close.
The Household Appliances industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow WHR in the coming trading sessions, be sure to utilize Zacks.com.