Whirlpool Sees 2024 Ongoing EPS $13-$15 vs $15.48 Est., Net Sales $16.9B vs $17.68B Est.
Portfolio Pulse from Benzinga Newsdesk
Whirlpool Corporation has provided guidance for its 2024 ongoing earnings per share (EPS) to be in the range of $13-$15, which is below the estimated $15.48. Additionally, the company forecasts net sales of $16.9 billion, which falls short of the estimated $17.68 billion.

January 29, 2024 | 9:08 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Whirlpool Corporation's guidance suggests lower future earnings and sales than analysts estimated, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
When a company's financial guidance is below analysts' estimates, it often results in negative market reactions as it indicates potential challenges ahead. Investors may adjust their expectations and valuations, leading to a decrease in the stock price. Whirlpool's lower guidance for both EPS and net sales suggests that the company may face headwinds that could impact profitability and revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100