Whirlpool Reaffirms FY23 Revenue Outlook Of $19.4B Vs 19.16B Est.; Revises FY23 EPS Outlook To $16.00 Vs 16.11 Est.
Portfolio Pulse from Benzinga Newsdesk
Whirlpool has reaffirmed its FY23 revenue outlook of $19.4 billion, slightly above the estimated $19.16 billion. However, the company has revised its FY23 EPS outlook to $16.00, slightly below the estimated $16.11. The company also expects to generate approximately $1.1 billion from operating activities and free cash flow of approximately $500 million. The company's European major domestic appliance transaction is expected to close by April 2024.
October 25, 2023 | 8:10 pm
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Whirlpool's reaffirmed revenue outlook and revised EPS outlook may have mixed effects on its stock. The higher revenue outlook could boost investor confidence, while the lower EPS outlook could dampen it. The expected cash flow could also be a positive signal to investors.
Whirlpool's reaffirmed revenue outlook is slightly above estimates, which could be seen as a positive signal by investors and potentially lead to a rise in the stock price. However, the revised EPS outlook is slightly below estimates, which could be seen as a negative signal and potentially lead to a drop in the stock price. The expected cash flow could be seen as a positive signal, indicating the company's ability to generate cash.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100