Mohawk Industries Inc expected to post earnings of $2.66 a share - Earnings Preview

Mohawk Industries

24/10/2023 21:07

* Mohawk Industries Inc  MHK.N   MHK  is expected to show a
fall
in quarterly revenue when it reports  results on October 26. 
    * The Calhoun Georgia-based  company is expected to report 
a
6.1% decrease in revenue to $2.741 billion from $2.92 billion a
year ago, according to the mean estimate from 16 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Mohawk Industries
Inc is
for earnings of $2.66 per share. The company's EPS guidance on
July 27 2023, for the period ended September 30, was between
$2.62 and $2.72 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 11
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Mohawk
Industries
Inc is $104​, above​ its last closing price of $79.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  2.65        2.65       2.76      Beat    4.3
 Mar. 31 2023  1.30        1.30       1.75      Beat    34.8
 Dec. 31 2022  1.29        1.32       1.32      Met     0.1​
 Sep. 30 2022  3.31        3.35       3.34      Missed  -0.3
 ​​Jun.        4.25        4.29       4.41      Beat    2.8
 30 2022                                                
 Mar. 31 2022  2.85        2.90       3.78      Beat    30.2​
 Dec. 31 2021  2.88        2.87       2.95      Beat    2.9
 Sep. 30 2021  3.78        3.81       3.95      Beat    3.7
 This summary was machine generated October 24 at 20:07 GMT.  All
figures in US dollars  unless otherwise stated