Whirlpool (WHR) reports earnings tomorrow: what to expect

Home appliances manufacturer Whirlpool (NYSE:WHR) will be reporting earnings this Monday after market close. Here’s what investors should know.

Whirlpool missed analysts’ revenue expectations last quarter, reporting revenues of $3.52 billion, down 6.8% year on year. It was a mixed quarter for the company, with full-year EPS guidance exceeding analysts’ expectations but a significant miss of analysts’ EPS estimates.

Is Whirlpool a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Whirlpool’s revenue to decline 3.1% year on year, a reversal from the 1% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

Looking at Whirlpool’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Allegion delivered year-on-year revenue growth of 9.6%, beating analysts’ expectations by 3.3%, and Acuity Brands reported revenues up 2.9%, falling short of estimates by 1.1%. Allegion traded up 12.6% following the results while Acuity Brands’s stock price was unchanged.

Read our full analysis of Allegion’s results here and Acuity Brands’s results here.

Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the electrical equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6% on average over the last month. Whirlpool is down 10.7% during the same time and is heading into earnings with an average analyst price target of $45.67 (compared to the current share price of $28.31).

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