* Whirlpool Corp reported quarterly adjusted earnings of $1.78 per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.66. The mean expectation of eight analysts for the quarter was for earnings of $1.68 per share. Wall Street expected results to range from $1.38 to $1.83 per share.
* Revenue fell 3.4% to $4.49 billion from a year ago; analysts expected $4.42 billion.
* Whirlpool Corp's reported EPS for the quarter was a loss of $4.72.
* The company reported a quarterly loss of $259 million.
* Whirlpool Corp shares had fallen by 11.9% this quarter and lost 13.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 43.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."
* The average consensus recommendation for the appliances, tools & housewares peer group is also "hold"
Wall Street's median 12-month price target for Whirlpool Corp is $119.00 This summary was machine generated from LSEG data April 24 at 09:06 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.68 1.78 Beat
Dec. 31 2023 3.56 3.85 Beat
Sep. 30 2023 4.25 5.45 Beat
Jun. 30 2023 3.76 4.21 Beat
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