Whirlpool (WHR) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $5.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.72%. A quarter ago, it was expected that this maker of Maytag, KitchenAid and other appliances would post earnings of $2.40 per share when it actually produced earnings of $2.39, delivering a surprise of -0.42%.Over th ...

WhirlBool Whirlpool Announces Third-Quarter Results • Sequential margin expansion in MDA North America for the second consecutive quarter, driven by promotional pricing actions • Q3 GAAP net earnings margin of 2.7% (Q2 5.5%); GAAP earnings per diluted share of $2.00; GAAP tax rate of 25% • Ongoing (non-GAAP) EBIT margin of 5.8% (Q2 5.3%); ongoing earnings per diluted share of $3.43 supported by favorable adjusted (non-GAAP) tax rate of (32)% • Revising full-year GAAP earnings per diluted share to approximat ...

Core Viewpoint - Whirlpool Corporation reported its third-quarter 2024 financial results, highlighting a sequential margin expansion in MDA North America and reaffirming its full-year ongoing earnings guidance despite challenges in the macroeconomic environment [1][2]. Financial Performance - Q3 2024 net sales were $3,993 million, a decrease of 18.9% from Q3 2023's $4,926 million [2]. - GAAP net earnings available to Whirlpool increased by 31.3% to $109 million compared to $83 million in Q3 2023 [2]. - Ongoing EBIT for Q3 2024 was $233 million, down 27.6% from $322 million in Q3 2023 [2]. - GAAP earnings per diluted share rose to $2.00, a 30.7% increase from $1.53 in Q3 2023 [2]. - Ongoing earnings per diluted share decreased by 37.1% to $3.43 from $5.45 in Q3 2023 [2]. Segment Performance - MDA North America reported net sales of $2,647 million, down 4.3% year-over-year, with EBIT of $194 million, a decrease of 23.6% [3]. - MDA Latin America saw net sales increase by 8.8% year-over-year, with EBIT rising by 11.5% [4]. - MDA Asia experienced a 10.3% increase in net sales year-over-year, with EBIT growing by 40.0% [4]. - SDA Global's net sales decreased by 3.3% year-over-year, with EBIT down 24.5% [4]. Cash Flow and Outlook - Cash provided by operating activities for Q3 2024 was $(271) million, an improvement from $(322) million in Q3 2023 [2]. - Free cash flow for Q3 2024 was $(586) million, compared to $(660) million in Q3 2023 [2]. - The company revised its full-year GAAP earnings per diluted share to approximately $0.50, primarily due to non-cash losses related to the Europe transaction [1][4]. - Full-year ongoing earnings per diluted share is reaffirmed at approximately $12.00, with cash provided by operating activities expected to be around $1.05 billion and free cash flow of approximately $500 million [1][4].

Analysts on Wall Street project that Whirlpool (WHR) will announce quarterly earnings of $3.04 per share in its forthcoming report, representing a decline of 44.2% year over year. Revenues are projected to reach $4.07 billion, declining 17.3% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of a company's earnings di ...

Whirlpool Corporation (WHR) is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The household appliance company's bottom and top lines are expected to have declined. For third-quarter revenues, the Zacks Consensus Estimate is pegged at $4.1 billion, indicating a 17.3% decrease from the prior-year quarter's figure. The consensus estimate for quarterly earnings has remained unchanged in the past 30 days at $3.04 per share. However, the consensus mark for earnings indicates a 44 ...

Core Viewpoint - Whirlpool is presenting a buying opportunity for its dividend, trading at a low valuation with a robust outlook for stock price reversal in 2025 [1][2] Financial Performance - The stock is currently trading at a P/E ratio of 9x, which is over 40% below its 10-year average, indicating a low valuation relative to earnings growth expectations for 2025 [2] - The company reported a negative cash flow in FQ2, primarily due to debt repayments, but this was less than the previous year, leaving long-term liabilities low and manageable [4] Dividend Information - Whirlpool offers a dividend yield of 6.79% with an annual dividend of $7.00 and a 3-year annualized dividend growth of 13.01% [3] - The dividend payout ratio is currently at 96.42%, but is expected to be manageable at 60% of the 2024 EPS forecast and 55% of the 2025 EPS forecast [3] Market Sentiment - Analysts and institutional activity suggest a price floor for WHR shares between $100 and $105, with bullish activity noted in Q1 and Q3 of 2024 [5] - The stock price reached its bottom in 2024 but has not yet signaled a complete reversal, with critical support levels needing to be tested [6] Future Outlook - The long-term forecast anticipates a total price reversal by 2025, driven by falling interest rates that could stimulate demand for new homes and appliances [7]

In this article I will outline why Whirlpool's (NYSE: WHR ) dividend yield is a tool that can help you decide when to buy the stock. Many of you are familiar with the products that Whirlpool sells. Whirlpool operates in the As an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market declines. Having long term and short term trading st ...

Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or ...

The most recent trading session ended with Whirlpool (WHR) standing at $102.41, reflecting a -0.93% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%. The maker of Maytag, KitchenAid and other appliances's shares have seen an increase of 5.44% over the last month, surpassing the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06%. Market particip ...

Core Viewpoint - Whirlpool's earnings are under pressure this year, but lower interest rates are expected to help sales and margins, making the company's 7.2% dividend yield attractive to investors [1][2]. Group 1: Concerns Regarding Whirlpool - The primary concern for Whirlpool is the duration and severity of the housing market slowdown, influenced by the interest rate cycle and housing market conditions [3]. - There are worries that Whirlpool's disappointing sales and margin performance in its core North American major domestic appliance market may not solely be due to a weak market, but could indicate a loss of market share and competitive position, suggesting a structural problem [4]. - Whirlpool's EBIT margins have declined year-over-year, with management initially expecting to exit 2024 with a 10%-11% EBIT margin in North American MDA [5]. Group 2: Financial Performance - In Q1 2023, Whirlpool's EBIT for the North American major domestic appliance segment was $274 million with a margin of 10%, while in Q1 2024, EBIT dropped to $135 million with a margin of 5.6% [6]. - Similarly, in Q2 2023, EBIT was $290 million with a margin of 10.1%, but in Q2 2024, it fell to $163 million with a margin of 6.3% [6]. Group 3: Market Dynamics - A potential structural problem is indicated by increased competition in the home appliances sector, as noted by Bosch, which highlighted a "fundamental market shift" and intensified competition from Asian suppliers [7]. - Whirlpool's management attributed margin pressure to a shift in sales types, with solid replacement demand but weak discretionary demand due to sluggish existing home sales [8]. Group 4: Implications for Investors - Home Depot's management comments support the notion that the weakness in discretionary spending is not unique to Whirlpool, suggesting that the current challenges may be temporary rather than structural [10][11]. - The commentary from Home Depot indicates that the ongoing pressure on Whirlpool is linked to the broader interest rate cycle, which may improve as the housing market recovers [12].