Whirlpool CorporationEarnings estimates slashed by ~26%, revenue miss, net income down 70%.
Whirlpool has been downgraded to a Zacks Rank #5 (Strong Sell) after analysts slashed earnings estimates by 26.6% for this year and 25.5% for next year. The company reported second-quarter revenue of $3.77 billion, down 5.4% year-over-year and missing expectations, while adjusted EPS fell to $1.34 from $2.39 a year ago. Net income tumbled 70% to $65 million, and sales are projected to decline 7.2% in 2025 and another 3.6% in 2026 amid higher costs, intensifying Asian import competition, and soft consumer demand. The stock is down 28% year-to-date and trades at 13.6 times forward earnings, above the industry average of 11.2 times and its own 10-year median of 9.4 times, leaving room for further downside. Investors are advised to avoid the stock until earnings stabilize and margin recovery becomes visible.
Whirlpool CorporationEarnings estimates slashed by ~26%, revenue miss, net income down 70%.
Whirlpool China Co LtdSoft consumer demand and Asian import competition mentioned as headwinds for Whirlpool overall, likely impacting China operations.