Key Takeaways:
- Whirlpool exceeded earnings expectations but fell short on revenue.
- Wall Street analysts predict a potential 35.15% upside for Whirlpool stock.
- The company's strategic pricing and cost-cutting boosted margins despite revenue declines.
Whirlpool Corp (NYSE: WHR) recently announced its first-quarter earnings, showcasing an adjusted earnings per share (EPS) of $1.70, which surpassed analyst expectations by $0.03. Despite this positive EPS performance, the company's revenue took a hit, sliding 19.4% year-over-year to $3.62 billion, falling short of estimates by $50 million. Nevertheless, Whirlpool managed to increase its margins through strategic pricing and effective cost reduction strategies, leading to a 3.54% rise in share prices.
Wall Street Analysts' Outlook
According to forecasts from seven Wall Street analysts, the average target price for Whirlpool Corp (WHR, Financial) stands at $105.06. Estimates range from a high of $143.45 to a low of $67.00, pointing to a potential upside of 35.15% from the current price of $77.74. For further breakdowns and estimates, visit the Whirlpool Corp (WHR) Forecast page.
The consensus among 11 brokerage firms places Whirlpool Corp's (WHR, Financial) average recommendation at 2.9, indicating a "Hold" position. This rating scale spans from 1, representing a Strong Buy, to 5, which denotes a Sell.
Understanding the GF Value
GuruFocus estimates suggest that Whirlpool Corp's (WHR, Financial) GF Value for the coming year is projected to be $106.19, anticipating a 36.6% upside from the current trading price of $77.74. The GF Value is a calculated approximation of the fair market value of a stock, factoring in historical multiples, previous business growth metrics, and future performance predictions. For more comprehensive data, you can explore the Whirlpool Corp (WHR) Summary page.
