Shares of Whirlpool (NYSE:WHR) gained in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $3.89, which beat analysts’ consensus estimate of $3.23 per share.
Sales decreased by 15.5% year-over-year, with revenue hitting $4.92 billion. This was in line with analysts’ expectations.
Looking forward, management now expects revenue and adjusted earnings per share for 2023 to be $19.4 billion and between $16 to $18 per share, respectively. For reference, analysts had expected EPS to hit $15 per share.
Overall, Wall Street has a consensus price target of $135 on Whirlpool stock, implying 12.08% downside risk, as indicated by the graphic above.
