Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    87,101.16
    -247.47 (-0.28%)
     

  • CMC Crypto 200

    1,326.50
    +49.52 (+3.88%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Here's What Key Metrics Tell Us About Whirlpool (WHR) Q1 Earnings

Zacks Equity Research
·2 min read

For the quarter ended March 2024, Whirlpool (WHR) reported revenue of $4.49 billion, down 3.4% over the same period last year. EPS came in at $1.78, compared to $2.66 in the year-ago quarter.

The reported revenue represents a surprise of +1.92% over the Zacks Consensus Estimate of $4.41 billion. With the consensus EPS estimate being $1.61, the EPS surprise was +10.56%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Whirlpool performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales - North America Major Domestic Appliances: $2.43 billion compared to the $2.48 billion average estimate based on two analysts.

  • Net Sales - Europe Major Domestic Appliances: $804 million compared to the $699.50 million average estimate based on two analysts.

  • Net Sales - Global Small Domestic Appliances: $182 million versus $180.55 million estimated by two analysts on average.

  • Net Sales - Asia Major Domestic Appliances: $239 million compared to the $242.13 million average estimate based on two analysts.

  • Net Sales - Latin America Major Domestic Appliances: $837 million compared to the $807.18 million average estimate based on two analysts.

View all Key Company Metrics for Whirlpool here>>>

Shares of Whirlpool have returned -6.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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 Report

To read this article on Zacks.com click here.

Zacks Investment Research