Whirlpool (WHR) ended the recent trading session at $77.64, demonstrating a -1.16% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.07%. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq lost 1.69%.
Heading into today, shares of the maker of Maytag, KitchenAid and other appliances had gained 19.58% over the past month, outpacing the Consumer Discretionary sector's loss of 1.93% and the S&P 500's gain of 0.94%.
The investment community will be closely monitoring the performance of Whirlpool in its forthcoming earnings report. The company's upcoming EPS is projected at $1.5, signifying a 67.18% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.3 billion, indicating a 3.93% upward movement from the same quarter last year.
WHR's full-year Zacks Consensus Estimates are calling for earnings of $6.64 per share and revenue of $15.73 billion. These results would represent year-over-year changes of -45.62% and -5.31%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Whirlpool. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Whirlpool holds a Zacks Rank of #3 (Hold).
In terms of valuation, Whirlpool is presently being traded at a Forward P/E ratio of 11.83. This expresses a discount compared to the average Forward P/E of 12.27 of its industry.
The Household Appliances industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 193, putting it in the bottom 22% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Whirlpool Corporation (WHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
