Shares of Whirlpool (NYSE:WHR) are down in after-hours trading after releasing its Q3 earnings results. Adjusted EPS came in at $4.49 per share, which missed analysts’ consensus estimates of $5.35.
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Sales fell 12.9% year-over-year, with revenue hitting $4.78 billion compared to last year’s $5.49 billion. This was also lower than the $5.153 billion that analysts were looking for.
In addition, the company lowered its guidance for Fiscal Year 2022. Revenues have been revised down to $20.1 billion compared to the previous guidance of $20.7 billion. Adjusted earnings per share were also lowered to $19 versus the previous range of $22 to $24 per share.
Is WHR Stock a Buy?
WHR has a Hold consensus rating based on two Buys, one Hold, and two Sells assigned in the past three months. The average WHR stock price target of $174 implies 32.5% upside potential.
