Whirlpool (WHR) reports Monday: what investors should watch

what happened

Home appliance maker Whirlpool will publish its quarterly results on Monday after the market closes, according to StockStory. Last quarter revenue came in at $3.52 billion, down 6.8% year on year and short of analyst expectations. Full-year EPS guidance was ahead of consensus, but actual earnings per share fell well below estimates.

For the current quarter, the market expects revenue to decline 3.1% year on year, after a 1% gain a year earlier. Analysts have broadly reaffirmed their estimates over the past 30 days, suggesting they expect the company to hold its course ahead of the report.

Results from peers in electrical equipment offer a reference point. Allegion grew revenue 9.6%, beating forecasts by 3.3%, and its shares rose 12.6%. Acuity Brands posted 2.9% revenue growth but missed estimates by 1.1%, and its stock was unchanged. The group as a whole fell an average of 6% over the month, while Whirlpool shares dropped 10.7% and trade near $28.31 against an average analyst price target of $45.67.

why it matters

Whirlpool's report is a useful gauge of demand for household appliances and of the broader electrical equipment sector. Its revenue and earnings figures will show how weak consumer demand remains, and the sharp moves in peer stocks after their reports show how closely investors watch this group.

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