Whirlpool (NYSE: WHR ) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Whirlpool missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank significantly.
Gross margins expanded, operating margins increased, net margins shrank.
Whirlpool booked revenue of $4.50 billion. The five analysts polled by S&P Capital IQ hoped for revenue of $4.58 billion on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $4.63 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.80. The six earnings estimates compiled by S&P Capital IQ predicted $1.55 per share. GAAP EPS of $0.94 for Q3 were 59% lower than the prior-year quarter's $2.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.7%, 330 basis points better than the prior-year quarter. Operating margin was 6.1%, 240 basis points better than the prior-year quarter. Net margin was 1.6%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.99 billion. On the bottom line, the average EPS estimate is $1.80.
Next year's average estimate for revenue is $18.47 billion. The average EPS estimate is $6.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 351 members out of 430 rating the stock outperform, and 79 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Whirlpool a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whirlpool is hold, with an average price target of $77.50.
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