Whirlpool Corporation Stock 12‑Month Price Target Cut to $31.7, Implies 20% Upside

Netflix (NFLX) fell to a 2-year low after lowering its 2026 ad revenue forecast to $2.7B and reporting slowing viewership growth. Opendoor (OPEN) hit a 52-week low due to weak housing market conditions. Whirlpool (WHR) dropped to a 17-year low after missing Q3 earnings and cutting its 2026 outlook.

Whirlpool reports weak consumer demand for appliances, expecting a 5% decline in demand. Royal Caribbean sees record cruise bookings at higher prices. Hilton notes booming business travel, while UPS reports strong growth in high-tech shipments. UPS CEO highlights a 'K curve' economy, with asset owners spending while others struggle. Whirlpool and UPS are raising prices due to cost pressures, while Royal Caribbean's price increases are demand-driven.

Several companies reported third-quarter earnings, highlighting 'resilient' U.S. consumer spending despite inflation. Coca-Cola (KO) beat expectations, raising its full-year forecast. Royal Caribbean (RCL) saw increased bookings, while Sherwin-Williams (SHW) reported sales growth. UPS (UPS) exceeded estimates, raising its revenue outlook. Whirlpool (WHR) missed expectations and cut guidance. Retail sales rose 0.8% in September, driven by gas station spending.

Whirlpool (WHR) reported Q3 2026 net sales of $3.7B, with EPS of -$0.21. Margin improved 80 bps to 2.6%, but inflation and costs offset gains. The company updated full-year margin guidance and announced 7-10% price hikes in North and Latin America. Structural cost initiatives are on track, with benefits expected in 2027. Free cash flow was -$1.1B, impacted by insurance claim timing. Industry demand in North America was soft, down 3.3%.

Whirlpool reported Q3 2026 revenue of $3.68B, down 8.8% YoY, and a net loss of $237M, compared to a profit of $73M a year earlier. EPS was $(3.80), down from $1.29. Lower volume, tariffs, and cost inflation impacted results. North American sales fell 8.3%, while Latin American sales rose 6.9%. The company plans over 100 new products and expects North American demand to decline 5% in 2026, with Latin American demand rising 5% to 7%.

Home builders' sentiment hit a 14-year low in October, with 43% cutting prices. Whirlpool (WHR) reported weak Q3 earnings, with shares falling 8.77% after hours. Builders like D.R. Horton (DHI) and Lennar (LEN) also saw stock declines. Pending home sales dropped 11.3% year-over-year, and mortgage rates averaged 7.32%. Whirlpool cut its 2026 sales and profit forecasts, citing soft demand.