Home appliances manufacturer Whirlpool (NYSE: WHR) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Whirlpool missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $4.14 billion, down 18.7% year on year. It was a disappointing quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Whirlpool a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Whirlpool’s revenue to decline 18.5% year on year to $3.66 billion, a further deceleration from the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.67 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Whirlpool has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Whirlpool’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 11.1%, missing analysts’ expectations by 2.2%, and Badger Meter reported revenues up 13.2%, in line with consensus estimates. Acuity Brands traded down 12.3% following the results while Badger Meter was up 8.8%.
Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.
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