Whirlpool Misses on Both Revenue and Earnings

Whirlpool (NYS: WHR) reported earnings on Feb. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Whirlpool missed slightly on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share grew significantly.

Margins increased across the board.

Revenue details
Whirlpool reported revenue of $4.90 billion. The five analysts polled by S&P Capital IQ looked for revenue of $4.99 billion. Sales were 2.6% lower than the prior-year quarter's $5.04 billion.


Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.32. The five earnings estimates compiled by S&P Capital IQ predicted $2.09 per share on the same basis. GAAP EPS of $2.62 for Q4 were 20% higher than the prior-year quarter's $2.19 per share.


Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 14.5%, 350 basis points better than the prior-year quarter. Operating margin was 5.8%, 370 basis points better than the prior-year quarter. Net margin was 4.2%, 80 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.49 billion. On the bottom line, the average EPS estimate is $1.09.

Next year's average estimate for revenue is $19.04 billion. The average EPS estimate is $6.01.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 373 members out of 454 rating the stock outperform, and 81 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Whirlpool a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whirlpool is hold, with an average price target of $61.60.

Can your retirement portfolio provide you with enough income to last? You'll need more than Whirlpool. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.