The 10-second takeaway
For the quarter ended June 30 (Q2), Whirlpool missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share improved.
Margins improved across the board.
Whirlpool booked revenue of $4.51 billion. The four analysts polled by S&P Capital IQ hoped for a top line of $4.63 billion on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $4.73 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 $1.55. The five earnings estimates compiled by S&P Capital IQ predicted $1.58 per share. GAAP EPS were $1.43 for Q2 versus -$2.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.2%, 210 basis points better than the prior-year quarter. Operating margin was 6.1%, 110 basis points better than the prior-year quarter. Net margin was 2.5%, 590 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.67 billion. On the bottom line, the average EPS estimate is $1.42.
Next year's average estimate for revenue is $18.59 billion. The average EPS estimate is $6.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 355 members out of 436 rating the stock outperform, and 81 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Whirlpool a green thumbs-up, and 15 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 $67.33.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.