Mohawk Industries Inc reports results for the quarter ended in March - Earnings Summary

Mohawk Industries

26/04/2024 01:19

* Mohawk Industries Inc  MHK.N  reported quarterly adjusted
earnings of $1.86​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.75.  The mean expectation of
seventeen analysts for the quarter was for earnings of $1.68 per
share. Wall Street expected results to range from $1.60 
to $1.72 per share.
    * Revenue fell 4.5% to $2.68 billion from a year ago;
analysts
expected $2.65 billion. 
    * Mohawk Industries Inc's reported EPS for the quarter was
$1.64​.
    * The company reported quarterly net income of $105 million.
    * Mohawk Industries Inc shares had fallen by 14.9% this
quarter and gained 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Mohawk
Industries
Inc is $120.50 

This summary was machine generated from LSEG data April 26 at
12:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.68           1.86           Beat
 Dec. 31 2023      1.86           1.96           Beat
 Sep. 30 2023      2.65           2.72           Beat
 Jun. 30 2023      2.65           2.76           Beat