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].

Company Performance - Whirlpool's stock closed at $97.19, with a slight increase of +0.08% from the previous day, underperforming the S&P 500's gain of 0.45% [1] - Over the past month, Whirlpool shares have increased by 5.35%, outperforming the Consumer Discretionary sector's gain of 3.49% and the S&P 500's gain of 2.54% [1] Earnings Projections - The upcoming EPS for Whirlpool is projected at $3.04, indicating a significant decline of 44.22% compared to the same quarter last year [2] - Revenue for the upcoming quarter is estimated at $4.07 billion, down 17.29% from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $11.31 per share, reflecting a decrease of 30.01% from the previous year, while revenue is expected to be $16.78 billion, down 13.73% [3] - Recent changes in analyst estimates are crucial as they indicate evolving short-term business trends, with positive revisions suggesting analyst optimism [3] Valuation Metrics - Whirlpool has a Forward P/E ratio of 8.59, which is lower than the industry average of 13.28, indicating that Whirlpool is trading at a discount compared to its peers [6] - The Household Appliances industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 96, placing it in the top 38% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Whirlpool at 4 (Sell), reflecting a stagnant EPS estimate over the past month [5] - Historically, 1 ranked stocks have generated an average annual return of +25% since 1988, indicating the potential impact of the Zacks Rank on stock performance [5]

Eva-Katalin It hasn't been a great year for shareholders of Whirlpool (NYSE:WHR). The stock is down 28.3% over the past year, while the S&P 500 is up 23.2% over the same time frame. While this has been painful for long-time shareholders, the chance to buy the stock for under $100 creates an opportunity for new investors. I'm bullish on shares of the appliance maker based on its mouthwatering 7.0% dividend yield and its remarkably inexpensive valuation, both of which should provide investors with some margin ...

In the latest trading session, Whirlpool (WHR) closed at $98.83, marking a +0.67% move from the previous day. This move outpaced the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%. Shares of the maker of Maytag, KitchenAid and other appliances witnessed a gain of 6.29% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 5.25% and the S&P 500's gain of 3.64%. The upcoming earnings re ...

BENTON HARBOR, Mich., Aug. 19, 2024 /PRNewswire/ -- Today, the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the Company's common stock. The dividend is payable on September 15, 2024, to stockholders of record at the close of business on August 30, 2024. About Whirlpool Corporation Whirlpool Corporation (NYSE: WHR) is a leading kitchen and laundry appliance company, in constant pursuit of improving life at home and inspiring generations with ...

This business is indirectly related to the housing market, which means it's an idea that many investors aren't thinking about. Many investors believe that the housing market is headed for a recovery, and one CEO believes his company will be the biggest beneficiary. The most surprising thing about this is that the company in question isn't directly related to the housing market, which could make it an under-the-radar idea for a select few in the know. However, does the housing market even need a recovery? Ac ...

BALTIMORE, Aug. 1, 2024 /PRNewswire/ -- Whirlpool brand is taking the field as the proud founding partner of the Premier Lacrosse League's Maryland Whipsnakes during its homecoming weekend at Homewood Field in Baltimore from August 3-4, 2024. The Whirlpool brand partnership with the Maryland Whipsnakes expands upon the brand's three-year partnership with the Premier Lacrosse League (PLL). Whirlpool brand is collaborating with the PLL on game day initiatives and on-site activations for the Maryland Whipsnake ...

Trading on just 8.3 times management's estimate for full-year earnings, Whirlpool is an attractive stock. Still, there's a good chance the pressure on discretionary appliance sales will continue in 2024. The truth is probably some combination of the "wrong" and "right" scenarios discussed above. That won't please investors who worry about the near term, but long-term investors who accept that forecasting the timing of interest rates is a thankless task won't be concerned. What does it all mean for Whirlpool ...

I wrote a bullish article on Whirlpool (NYSE:WHR) in March 2024, and back then it was trading for about $106 per share. It has bounced around since—however, in July, it surged up to about $115 per share on reports that another major appliance maker was considering a buyout offer for Whirlpool. Some of that buyout hope appears to have faded, as the shares have fallen back to around the $100 level. In addition to the potential buyout news, the company also recently reported Q2 earnings, so a lot has happened ...

Whirlpool Corporation (WHR) posted second-quarter 2024 results, wherein the top and bottom lines declined year over year, and earnings missed the Zacks Consensus Estimate. However, sales delivered a positive surprise for the fourth consecutive time. During the quarter, Whirlpool benefited from sequential margin expansion globally and gains from the company's cost takeout actions, partly offset by an unfavorable price/mix. Q2 Details The appliance maker reported second-quarter adjusted earnings of $2.39 per ...