Home appliances maker Whirlpool Corp. (WHR) is due to release its Q2 results at 4:05 p.m. ET on Monday, July 25, 2022, with Wall Street analysts estimating earnings of $5.24 per share on revenue of $5.23 billion for the quarter.
Looking Ahead...
The company reduced its FY22 earnings outlook range to $24.00 - $26.00 per share from the previously communicated range of $27.00 - $29.00 per share. Also, the company now sees FY22 net sales growth of 2% - 3% compared to the prior estimate range of 5% - 6%. Ten Wall Street analysts have a consensus earnings estimate of $23.91 per share for 2022.
Last Quarter
The company, on April 26, reported first-quarter net income of $313 million or $5.33 per share versus $433 million or $6.81 per share last year. Ongoing earnings per share was $5.31 versus $7.20 earned in the prior year period. Net sales for the quarter declined to $4.92 billion from $5.36 billion generated a year ago.
Stock Movement
WHR closed Friday's (July 22, 2022) trading session at $167.77, down 77 cents or 0.46%, with trading volume of over 707K versus an average volume of 1.06 million shares. The stock has been trading between $145.93 and $245.44 for the past one year.
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