WHR tumbles after Q2 earnings miss, slashed dividend, and weak 2025 outlook with declining sales and EPS guidance.
The appliance maker has struggled as competitors flood the U.S. market with Asian-made products.
Whirlpool (WHR) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $2.39 per share a year ago.
Competitors are stockpiling Asian imports into the U.S., Whirlpool says, until tariffs ‘ultimately support domestic manufacturers.'
Whirlpool has faced significant challenges, including revenue declines, divestitures, and tariff concerns, leading to a 30% stock drop since my 2022 'buy' call. Despite recent struggles, the company is aggressively paying down debt, trading at low valuation multiples, and showing signs of profitability improvement post-divestitures. Management's cost-cutting, price increases, and product launches aim to offset tariff impacts and drive organic growth, with a focus on margin expansion and debt refinancing.
Whirlpool (WHR) closed at $96.16 in the latest trading session, marking a -4.74% move from the prior day.
'Mad Money' host Jim Cramer talks how the trade deal with Vietnam moved markets today.
Whirlpool (WHR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WHR crossed above the 200-day moving average, suggesting a long-term bullish trend.
Jim Cramer breaks down why he's keeping an eye on shares of Whirlpool.
WHR powers growth with innovations like Spin&Load Rack and cost-cutting strategies to drive greater efficiency.
In the latest trading session, Whirlpool (WHR) closed at $91.27, marking a -1.91% move from the previous day.
Whirlpool shares have likely hit rock-bottom levels and now yield 8%. Tariffs are likely to level the playing field in a way that benefits Whirlpool. Interest rate cuts are coming, and this could be a multipronged upside catalyst for this stock.