Whirlpool Q2 Ongoing EPS $4.21 Beats $3.76 Estimate, Sales $4.79B Miss $4.82B Estimate
Portfolio Pulse from Bill Haddad
Whirlpool (NYSE:WHR) reported Q2 earnings of $4.21 per share, beating the analyst consensus estimate of $3.76 by 11.97%. However, this is a 29.48% decrease from the same period last year. The company's quarterly sales of $4.79 billion missed the analyst consensus estimate of $4.82 billion by 0.58%, marking a 5.98% decrease from last year.
July 24, 2023 | 8:06 pm
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NEGATIVE IMPACT
Whirlpool's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Whirlpool's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100