Market Overview

Earnings Preview: Whirlpool

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Whirlpool (NYSE: WHR) announces its next round of earnings this Wednesday, October 21. Here is Benzinga's everything-that-matters guide for this Wednesday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share (EPS) ?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering Whirlpool modeled for quarterly EPS of $3.75 on revenue of $4.61 billion. Whirlpool EPS in the same period a year ago totaled $3.97. Revenue was $5.09 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a given company yields the "consensus estimates." If the company posts earnings or revenue above or below the consensus estimate, the stock may move by a considerable margin.

If the company were to post earnings in line with the consensus estimate when it reports Wednesday, EPS would be down 5.54%. Sales would be down 9.45% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.87 2.62 4.28 3.87
EPS Actual 2.15 2.82 4.91 3.97
Revenue Estimate 3.51 B 4.30 B 5.52 B 5.15 B
Revenue Actual 4.04 B 4.33 B 5.38 B 5.09 B

Stock Performance

Over the last 52-week period, shares of Whirlpool are up 23.66%.

Do not be surprised to see the stock move on comments made during its conference call. Whirlpool is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.whirlpoolcorp.com%2F&eventid=2628882&sessionid=1&key=66ABFB24BCCA9768BD9A781848B2B23A&regTag=&sourcepage=register

 

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