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Whirlpool Corporation (WHR)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 04:04PM EDT
571 reactions on $WHR conversation
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Why is this moving up with the decline in sales, earnings and demand? Because the CEO was on Cramer's show?
slowing sales negative gdp - cash out while you can
Whirlpool Corporation (NYSE: WHR) reported a first-quarter sales decline of 8.2% year-over-year to $4.92 billion, missing the consensus of $5.32 billion. Adjusted EPS was $5.31, missing the consensus of $5.36.
Whirlpool states it recorded robust sales growth compared to pre-pandemic levels with healthy underlying consumer demand.
Sales by region: North America $2.79 billon (-8.3% Y/Y), EMEA $1.08 billion (-7.4% Y/Y), Latin America $760 million (+3.8% Y/Y), and Asia $285 million (-30.7% Y/Y).
The gross margin contracted by 413 bps to 17.3%, and the operating margin declined by 216 bps to 9.4%.
GAAP net earnings margin of 6.4%, down 170 bps, and adjusted EBIT margin of 9.4%, down 300 bps.
Truly a mystery. Great safe haven, product line like no other, good dividend, low risk rating,selling @ X6, JP Morgan says overweight. Still it's stalled. Even in a sour market it's worth 240-260. I don't get it.
Time to Lock in Profits
Whirlpool WARNS !!!!!
Cuts guidance from 6% to 2% to 3%
Get out or lose money 💰 !
big Misses on both, not good. Could see this down to $150 tomorrow
This is a classic example of the market priced in worse than the reality. This stock is super cheap.
I'm starting to buy at 175 and will continue to buy as it goes down. Looking to buy 500 shares and hold for the dividend. In a couple of years it will be at a new high.
I'm not sure why the stock is up over $4 in after hours, considering their guidance was very weak.
Probably first of many eps cuts, as margins go back to pre pandemic levels they likely don’t make over $20 per share this year
Slowing economy, possible recession, out of control inflation, and a protracted war in Europe. I have to believe any advance in WHR's stock this morning will be faded. They cut their sales forecast and said they're being adversely effected by inflation.
Credit Suisse analyst Daniel Oppenheim initiates coverage on Whirlpool Corporation (NYSE: WHR) with a Neutral rating and a price target of $180.00.
WhatBS. Target should be much higher than than.
So tired of all these so called “analysts”.
Wow down over $10 after hours.
I never worked for Whirpool but a long time ago I worked in this industry. A recession just kills appliance makers. Housing stops and badly hurts unit cost as those factories need utilization. Consumers stop buying. The dryer makes noise? Let it make noise. Second frig dies and it does not get replaced.
The stock market seldom is wrong about the future.
I will buy in somewhere around the $150 mark.
What are these comments about being happy with $200 buyout. Please don't give insights that you are happy with undervaluing a buyout for this company. $200 is way to cheap of a valuation. WHR has been such a solid company for so may years, a premium is warranted for any buyout offer. I wouldn't be happy with anything under $300 at the current time.
Majority of the appliances nowadays are cheaply made. It cost more to have a tech over than have it replaced. I buy just an ordinary frig & stove. After 6-8 years and it breaks, I just replace it.
So if we get a housing slowdown and recession? hmmm.
great company, beat eps
Huge market for stainless bottom mount freezer/refrigerator with twin doors as a built in model. WP hurry up with your built in refrigerator factory and make them with quality. You will reap benefits in replacement and also with home builders that will have them included.
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