Whirlpool Corporation Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Whirlpool Corporation (NYSE:WHR) will unveil its latest earnings on Thursday, July 21, 2011. Whirlpool Corporation manufactures and markets appliances and products for home use. It makes washers, dryers, refrigerators, air conditioners, dishwashers, freezers, microwave ovens, ranges, trash compactors and air purifiers.

Whirlpool Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.72 per share, a decline of 3.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $2.64. Between one and three months ago, the average estimate moved up, but has dropped from $2.75 during the last month. For the year, analysts are projecting net income of $8.45 per share, a decline of 12.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of $2.11 per share against a mean estimate of net income of $1.62 per share. In the fourth quarter of the last fiscal year, it missed forecasts by 16 cents.

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Wall St. Revenue Expectations: On average, analysts predict $4.77 billion in revenue this quarter, a rise of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $19.58 billion for the year, a rise of 6.6% from last year’s revenue of $18.37 billion.

Analyst Ratings: Analysts are bullish on Whirlpool as three analysts rate it as a buy, none rate it as a sell and three rate it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 3% to $4.4 billion in first quarter. The figure rose 3.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 0.5% in the third quarter of the last fiscal year from the year-ago quarter and 8.8% in the second quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 59.2%. The quarter with the biggest boost was the second quarter of the last fiscal year, which saw a more than twofold surge.

Competitors to Watch: General Electric (NYSE:GE), Siemens (NYSE:SI), Indesit Company SpA (NYSE:IND).

Stock Price Performance: During April 19, 2011 to July 15, 2011, the stock price had fallen $9.76 (-11.4%) from $85.59 to $75.83. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 7.8% (+$6.02) over that span. It saw one of its worst periods between May 31, 2011 and June 10, 2011 when shares fell for nine-straight days, falling 12.9% (-$10.82) over that span. Shares are down $12.01 (-13.7%) year to date.

(Source: Xignite Financials)

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