Whirlpool drops after 2026 forecast cut

Shares of home appliance firm Whirlpool WHR.N down 11.3% at $71.70 premarket after 2026 profit forecast misses estimates

Co trims full-year adj. EPS to about $7.00, vs. earlier expectations of $7.31

Lowers full-year revenue forecast to between $15.3 billion and $15.6 billion, from $15.8 billion earlier

Says Q4 net sales decreased 0.9% in North America due to volume decline and price/mix issues, primarily in Canada

Q4 revenue of $4.10 billion misses analysts' estimates of $4.27 billion; Q4 adj. EPS of $1.10 below estimates of $1.57 - data compiled by LSEG

2 of 11 analysts rate stock "buy" or higher, 6 "hold" and 3 "sell"; median PT is $82

As of last close, WHR down 39% over the past year