In its fourth-quarter earnings report Whirlpool posted earnings of $2.97 a share, which is 7 cents lower than the Capital IQ Consensus Estimate of $3.04 a share for the quarter. With revenue rising 6.2% year over year to $5.09 billion, the appliance maker beat analyst estimates of $5.01 billion.
The company saw the biggest increase in sales in North America where sales increased by 9% to $2.7 billion in the fourth quarter. Sales in Asia, however, declined 9% to $177 million, primarily due to industry weakness in India.
Along with the earnings report Whirlpool issued guidance for 2014 that see earnings of between $12 and $12.50. The guidance is inline with analyst estimates of $12.26 a share for the full year.
TheStreet Ratings team rates WHIRLPOOL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHIRLPOOL CORP (WHR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."