In the latest trading session, Whirlpool (WHR) closed at $28.83, marking a -1.13% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.6%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.64%.
Coming into today, shares of the maker of Maytag, KitchenAid and other appliances had lost 18.75% in the past month. In that same time, the Consumer Discretionary sector lost 0.15%, while the S&P 500 gained 1.34%.
Investors will be eagerly watching for the performance of Whirlpool in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.01, showcasing a 51.67% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.99 billion, down 1.07% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.25 per share and a revenue of $14.92 billion, demonstrating changes of -63.88% and -3.92%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Whirlpool. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Whirlpool is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Whirlpool's current valuation metrics, including its Forward P/E ratio of 12.96. This valuation marks a discount compared to its industry average Forward P/E of 14.93.
We can additionally observe that WHR currently boasts a PEG ratio of 12.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Household Appliances was holding an average PEG ratio of 6.67 at yesterday's closing price.
The Household Appliances industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 239, this industry ranks in the bottom 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WHR in the coming trading sessions, be sure to utilize Zacks.com.
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Whirlpool Corporation (WHR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).