RBC Capital analyst Michael Dahl maintains $Whirlpool (WHR.US)$ with a sell rating, and adjusts the target price from $76 to $74.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Whirlpool (WHR.US)$'s main analysts recently are as follows:
Whirlpool's Q3 adjusted earnings per share of $3.43 were notably higher than anticipated, primarily due to a reduced tax rate, while projections for 2024 revenue remained unchanged at roughly $16.9 billion, with an expected adjusted EBIT margin of about 6.0%, and adjusted earnings per share around $12. Subsequent to this earnings report, the adjusted earnings per share estimate for 2024 was increased by 17% to account for the impact of the lower tax rate, which contributed an additional $1.30 to the previous forecast. Conversely, the estimate for 2025 adjusted earnings per share was revised down by 3%.
Post-Q3 results, Whirlpool's North America margins showed a slight improvement, bolstered by cost reductions. Nevertheless, the company is still experiencing a decline in market share while pricing and promotions remain lackluster. Additionally, the unchanged sales and margin projections appear overly ambitious.
Note:
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