Whirlpool (WHR) closed the most recent trading day at $83.45, moving +2.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.65%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.82%.
The maker of Maytag, KitchenAid and other appliances's shares have seen an increase of 3.59% over the last month, surpassing the Consumer Discretionary sector's gain of 2.38% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. The company is predicted to post an EPS of $1.5, indicating a 67.18% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.3 billion, up 3.94% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.64 per share and a revenue of $15.73 billion, indicating changes of -45.62% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Whirlpool. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. Whirlpool presently features a Zacks Rank of #2 (Buy).
From a valuation perspective, Whirlpool is currently exchanging hands at a Forward P/E ratio of 11.81. This signifies no noticeable deviation in comparison to the average Forward P/E of 11.81 for its industry.
The Household Appliances industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 45% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Whirlpool Corporation (WHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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