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WHR PRA — Whirlpool News Story

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Consumer CyclicalsSpeculativeMid CapContrarian

PREVIEW: Whirlpool seen reporting Y/Y drop in EPS, rev

Q@ - ** Shares in home appliance provider Whirlpool WHR.N up 1.3% on Monday ahead of Q3 report due after market close with analyst estimates implying a Y/Y decline vs sequential increase

** Wall Street analysts see WHR, which will hold its conference call on Tuesday, reporting adj EPS of $1.41 vs $3.43 year-ago on rev of $3.93 bln down from $3.99 bln year-ago, according to LSEG data

** Estimates are above Q2 EPS of $1.34 and Q2 rev of $3.77 bln

** In last 8 quarters WHR's rev beat Street view just 4 times while its EPS met or beat 6 times

** In July, Whirlpool's shares had tumbled >13% after it slashed its full-year earnings forecast and dividend, blaming pressure from rivals loading up on imports ahead of U.S. President Donald Trump's tariffs

**  BofA analysts in Q3 preview last week said WHR price objective discounted vs building products avg, sees near-term uncertainty on slowing discretionary demand, higher promotions, volatile environment in international markets but potential tailwinds from reduction in imported competition due to tariffs

* WHR last traded at $74.26  vs median PT of $83.56, as per LSEG, which shows 12 analyst ratings: 2 'buy,' 7 'hold' and 3 'sell'

** Down ~35% YTD vs a ~4% drop for S&P 400 consumer discretionary index .SPMDCD

(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))

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