Whirlpool Sees FY24 Ongoing EPS $13.00-$15.00 Vs $13.24 Est.; Revenue ~$16.9B Vs $16.84B
Portfolio Pulse from Benzinga Newsdesk
Whirlpool projects FY24 EPS of $13.00-$15.00, with revenue around $16.9B, aligning with estimates. The outlook includes the impact of the Europe transaction, expected cost actions of $300-$400M, and a GAAP tax rate of about 25%. The company plans to maintain its dividend payments at approximately $400M, subject to board approval.

April 24, 2024 | 8:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Whirlpool anticipates FY24 EPS of $13-$15 and revenue of ~$16.9B, including effects from the Europe transaction and planned cost actions.
Whirlpool's guidance for FY24 suggests a positive outlook, with EPS and revenue forecasts aligning with or slightly above estimates. The inclusion of the Europe transaction and significant cost actions indicate strategic moves to optimize operations and financial performance. The reaffirmation of dividend payments underscores confidence in cash flow stability. These factors collectively suggest a potential positive impact on WHR's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100