J.P. Morgan analyst Michael Rehaut maintains $Whirlpool (WHR.US)$ with a hold rating, and sets the target price at $109.
According to TipRanks data, the analyst has a success rate of 55.2% and a total average return of 5.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Whirlpool (WHR.US)$'s main analysts recently are as follows:
Following Whirlpool's Q3 report, the company reaffirmed its 2024 guidance on a number of important financial indicators such as sales, margins, free cash flow, and operating earnings. This reiteration comes despite a greater tax advantage being essentially balanced out by the negative impacts in Europe, the Middle East, and Africa, along with continued dampening of demand in North America.
Whirlpool's Q3 adjusted EPS of $3.43 exceeded expectations, primarily due to a lower tax rate, while the company reaffirmed its 2024 revenue outlook of around $16.9B, an adjusted EBIT margin of about 6.0%, and an adjusted EPS of approximately $12. Subsequent to the announcement, projections for the 2024 adjusted EPS were increased by 17% to account for the reduced tax rate, which contributes an additional $1.30 over previous estimates. However, expectations for the 2025 adjusted EPS were slightly reduced by 3%.
Following Whirlpool's Q3 results, the company's North America margins showed a slight improvement, bolstered by cost reductions. However, the ongoing loss of market share, subdued pricing and promotional activities, and the ambitious ramp required to meet the sales and margin guidance are points of concern.
Note:
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