Can Whirlpool’s Stock Rally Continue Post-Covid?

SourceForbes
SectorFinancial Markets
CountryMiddle east

Close-up of logo for appliance company Whirlpool on a clothes dryer in a domestic room, August 21, ... [+] 2019. (Photo by Smith Collection/Gado/Getty Images) Getty Images Whirlpool’s stock (NYSE: WHR) grew 40% year-t0-date to around $200 levels, and largely outperformed the S&P index which moved 9% YTD. The company was able to beat market expectations on revenue and earnings in both quarters so far this year. Despite this increase, we believe that Whirlpool’s stock is poised to decline going forward. This is taking into account Whirlpool’s revenues which saw a 16% year-over-year decline in the fiscal first half. In addition, the home appliance manufacturer’s compounded annual revenue growth also declined by 2% prior to the pandemic (during the 2017-2019 period). All of these ...read more...