Whirlpool Corporation (WHR) has seen international sales jump, especially in Brazil. WHR is trading with a forward P/E of 13.03.

Company Description

Whirlpool manufactures home appliances, such as refrigerators, dishwashers, cooking and countertop appliances. The company owns many iconic brands such as Maytag, KitchenAid, Jenn-Air, Amana, Bauknecht and Consul.

Whirlpool has 67 manufacturing and technology research centers worldwide.

Zacks Consensus Estimates Move Higher Ahead of Earnings Report

Whirlpool is scheduled to report fourth-quarter results on Feb 8. The fourth quarter Zacks Consensus Estimate is up 12 cents to $1.28 per share in the last month.

For the full year, one estimate was raised in the last week, pushing the 2009 Zacks Consensus to $4.42 from $4.41 per share.

Analysts expect a much better 2010 as earnings growth is projected at 43.06%. The 2010 Zacks Consensus Estimate rose 33 cents to $6.32 per share in the last month.

Whirlpool has a track record of surprising on earnings, having done so 3 out of the last 4 quarters by an average of 226.49%.

Cost Cutting Boosted the Third Quarter

On Oct 23, Whirlpool reported third-quarter results which surprised on estimates by 114.29%. The results were boosted by cost reduction and productivity initiatives which increased operating profit by 8%.

Total sales, however, fell 8% to $4.5 billion. Stripping out foreign exchange translation and sales would have declined 3%.

The Latin American and Asian segments propelled sales for the quarter. Brazilian appliance sales jumped 40% in local currency while Asian sales climbed 18% compared to a year ago. North America and Europe were still weak, however, as both saw sales declines of 9% and 17%, respectively.

Value Fundamentals

Whirlpool is a Zacks #1 Rank (strong buy) stock. It has a price-to-book ratio of 1.65. Whirlpool also pays a dividend, with a current yield of 2.10%.

Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor in charge of the market-beating Zacks Value Trader service.

Zacks Investment Research

1. (WHR) Whirlpool Corporation – Bull of the DayWhirlpool Corporation (WHR) is set to benefit from greater geographic flexibility in the face of...
2. (WHR) Whirlpool Corporation – Next-Year’s Earnings Estimates Are Very BullishWhirlpool Corp. (WHR) has had a great year in spite of the challenging consumer environment,...
3. (WHR) Whirlpool Corporation Profits Plummet 47%Whirlpool Corporation (WHR) has revealed a 47% drop in its profit to $87 million or...
4. (OXY) Occidental Petroleum Corporation Reports Earnings Ahead of Consensus EstimatesOccidental Petroleum Corporation (OXY) posted better-than-expected numbers for the third quarter of 2009 based on...
5. (LANC) Lancaster Colony Corporation – Higher Zacks Consensus EstimatesLancaster Colony Corporation (LANC) recently announced fiscal fourth-quarter earnings of $1.01 per share, coming in...
6. (MIR) Mirant Corporation – Consensus Estimates Move HigherMirant Corporation (MIR), the electricity provider, has surprised on estimates 3 out of the last...

Search Posts by Tag: Whirlpool Corporation | WHR | Appliances | Consumer Goods

RSS Feeds by Tag: Whirlpool Corporation | WHR | Appliances | Consumer Goods |

Other Posts by: vitalstocks | RSS Feed for this author