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Benzinga
21 days

What's Going On With Whirlpool Shares Today?

1. Whirlpool reported disappointing Q2 earnings, missing both revenue and EPS targets. 2. Stock dropped 13.43% after guidance cut and reduced annual dividend by nearly 50%. 3. Bank of America downgraded WHR to Underperform with a price target of $70. 4. Elevated leverage and weak consumer demand pose ongoing challenges ahead for WHR. 5. Management forecasts flat revenue growth and constrained operating margins for 2025.

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FAQ

Why Very Bearish?

Whirlpool's significant earnings miss and lowered guidance indicate severe financial stress, reminiscent of past downturns that led to further stock price declines.

How important is it?

The severe downgrade and reduced earnings outlook are critical for WHR's market perception and financial stability.

Why Short Term?

The immediate effects of poor earnings and guidance are likely to be reflected in the stock price within the next few quarters.

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