WHR stock tumbles overnight after Q3 miss, outlook cut: Wells Fargo sees few bright spots. Published: Oct 27 2026, 11:10 AM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Whirlpool's third-quarter results missed estimates, and the company issued a weak outlook. * Wells Fargo pointed to Whirlpool's weaker margins and slowing small-appliance growth. * Whirlpool's North American appliance revenue fell 8.3%, while operating profit dropped 44.7%. * Whirlpool now sees a 2026 adjusted loss of $1.30 per share, down from the initial $7 earnings estimate. Whirlpool Corp. shares fell 8% in overnight trading heading into Tuesday after the appliance maker missed third-quarter estimates and cut its 2026 outlook for the third time this year, now expecting an annual loss. Wells Fargo said margin shortfalls in North America and Latin America and weaker small-appliance growth left few bright spots. Whirlpool stock fell 5% in regular trading on Monday, and the stock is on track for its worst year ever. Wells Fargo maintains cautious view on Whirlpool. Wells Fargo kept its 'Equal Weight' rating and $30 price target on Whirlpool (which still implies a 13% upside from the stock's last close) following its Q3 results and revised forecast. The analyst said investors expected a difficult quarter, but the earnings shortfall was far worse. Weak profits in North America and Latin America, along with slower growth in small household appliances, fueled concerns about the company's recovery. The Michigan-based manufacturer posted a net loss of $249 million in Q3, down from a $73 million profit a year earlier. Revenue fell 8.8% to $3.68 billion, and adjusted loss was $0.21 per share, both missing analysts' consensus estimates of $3.92 billion and earnings of $0.96 per share, respectively, according to Fiscal.ai. Whirlpool's margin shrink and outlook cut. Whirlpool's major appliance business in North America reported an 8.3% revenue decline to $2.50 billion. Operating profit in the segment fell 44.7% to $74 million as softer demand weighed on results. Latin American major appliance revenue increased 6.9% to $858 million, but operating profit dropped 61.3% to $18 million. The company cited product-mix changes following the bankruptcy reorganization of Brazilian retailer Grupo Casas Bahia as a factor affecting profits. "Through disciplined working capital management, we are protecting our year end free cash flow and our balance sheet resilience to navigate challenging market conditions. As a result, we now expect net debt below $4.5B at the end of 2026 and have preserved a clear debt maturity ladder until 2028," said CFO Roxanne Warner. Whirlpool now expects to lose $1.30 per share in 2026, compared with its January guidance of $7 in earnings per share. WHR stock: retail view. However, on Stocktwits, retail sentiment around the stock improved to 'extremely bullish' from 'bullish' territory the previous day. A user said, "I have to say this is what happens when you forget about quality and just manufacture a product that barely makes it through there 1 year warranty! Whirlpool used to last for 10 + years now 10 months is average I've gone to all Samsung appliances and have piece of mind!" WHR stock has crashed 63% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New

Whirlpool cuts outlook again on lacklustre demand, soaring costs. 27 Oct 2026, 10:57 pm A Whirlpool washer at a RC Willey Home Furnishings store in Orem, Utah, the US. Whirlpool now expects ongoing loss per share of US$1.30 (RM5.31) for 2026, down from its previous forecast of ongoing earnings per share of US$2.50 to US$3. (Oct 27): Whirlpool Corp slashed its full-year outlook for the third time this year and forecast its first annual loss in decades, citing a sluggish consumer environment and high commodity prices. Whirlpool now expects ongoing loss per share of US$1.30 (RM5.31) for 2026, down from its previous forecast of ongoing earnings per share of US$2.50 to US$3. The original guidance provided in January was for ongoing EPS of US$7. Sales declined for a fourth straight period in the third quarter, dragged by "softer industry demand" in North America and economic challenges "that undoubtedly intensified over the last three months," Chief executive officer Marc Bitzer said on Tuesday morning's earnings call. When different ways of thinking become a strength For Solihin Najmi Lokman, being neurodivergent can feel a little like using a vintage camera. Whirlpool shares dropped as much as 16% in postmarket trading on Monday, before bouncing back as much as 6.6% on Tuesday morning in New York. The fridge and microwave maker is cutting costs and increasing prices to improve margins, but higher steel, resin and base metal costs, as well as tariffs, countered these gains, chief financial officer Roxanne Warner said on the call. "While we made progress on our pricing and cost takeout actions, this progress was partially offset by higher raw material, fuel, and logistic costs," Bitzer said. Consumers are still holding back on replacing their appliances, according to Bitzer, though new premium products launched this year are doing well even in a soft discretionary market. While "outsized" price increases are needed to offset higher costs, they could lead to share losses, RBC Capital Markets analyst Mike Dahl wrote in a post-earnings note. The outlook also does not account for potential disruption from Brazil's election, creating further risk for its Latin America business. Whirlpool has been working to lower its leverage, but those efforts have been complicated by a depressed US housing market and gloomy consumer sentiment as affordability concerns continue to weigh on spending for home appliances. Whirlpool now aims to reduce net debt to under US$4.5 billion by the end of the year, a US$500 million improvement from its target announced last quarter. Uploaded by Felyx Teoh

Whirlpool forecasts annual loss as appliance sales fall. Reading Time: 3 mins read BENTON HARBOR, Mich. - Whirlpool forecast a full-year adjusted loss and lower sales after weak appliance demand weighed on third-quarter results, sending its shares sharply lower in extended trading. The manufacturer's October 26 results showed net sales of $3.677 billion, down 8.8% from a year earlier. It reported a GAAP loss of $3.80 per diluted share and an ongoing, non-GAAP loss of 21 cents per share. Whirlpool now expects 2026 net sales of approximately $14.5 billion, a GAAP loss of $4.95 per share and an ongoing loss of $1.30 per share. That reverses the profit outlook issued with its August second-quarter results, when it projected ongoing earnings of $2.50-$3.00 per share and revenue of about $15 billion. At that time, it expected year-end net debt below $5 billion. The second-quarter release reported sales of $3.517 billion, down 6.8% year over year, and an ongoing loss of 21 cents per share, showing profitability was already under pressure during 2026. Highlights * Executed price increases and structural cost actions, delivering sequential operational progress in Q3 against a tough macroeconomic backdrop * Announced Q4 price increases in MDA North America and Latin America * Q3 GAAP net earnings (loss) margin of (6.8)%; GAAP earnings (loss) per diluted share of $(3.80) * Q3 ongoing (non-GAAP) EBIT margin[(2)] of 2.6%; ongoing earnings (loss) per diluted share of $(0.21) * 2026 updated EPS outlook includes full-year GAAP earnings (loss) per diluted share of $(4.95), and ongoing earnings (loss) per diluted share of $(1.30) * 2026 updated cash flow outlook includes cash provided by operating activities of approximately $700 million and free cash flow[(4)] of approximately $300 million * Maintained strict working capital management, prioritizing balance sheet strength and positioning us well to deliver our full year free cash flow target * Net debt expectations improved from under $5 billion to under $4.5 billion by year end Barron's reported that shares fell 8.5% in late Monday trading after closing at $26.44. That regular-session close was the lowest since March 2009, according to Dow Jones Market Data cited by the publication. Whirlpool retained a full-year free-cash-flow target of about $300 million. Its cash-flow reconciliation shows an outflow of $1.081 billion for the nine months ended September 30. The company announced a 7% fourth-quarter price increase for major domestic appliances in North America. It now expects year-end net debt below $4.5 billion. Homebuilders are also reporting weaker demand. PulteGroup's third-quarter decline in closings, reported by The FINANCIAL on October 24, came as management cited rising mortgage rates and stretched affordability. PulteGroup's home closings fell 9% to 6,876, while net new orders declined 6% to 6,208. Chief Executive Ryan Marshall said higher rates had also made selling an existing home harder. Company's expectations: * Net sales of approximately $14.5 billion; approximately (1.5)% decline vs. 2025 like-for-like[(6)] net sales of approximately $14.7 billion * GAAP net earnings (loss) margin of (2.2)% and ongoing (non-GAAP) EBIT margin[(2)] of 2.0 - 2.2%, supported by pricing actions * GAAP earnings (loss) per diluted share of $(4.95) and full-year ongoing earnings (loss) per diluted share[(3)] of $(1.30) * 2026 GAAP tax rate of approximately 8% and adjusted (non-GAAP) tax rate of 25% * Cash provided by operating activities of approximately $700 million and free cash flow[(4)] of approximately $300 million * Net debt below $4.5 billion at year end Support Independent Journalism Help The FINANCIAL continue delivering quality business and financial news.Support from as little as $1. If you can, please consider supporting us with a regular amount each month. Thank you