Mohawk Industries Inc reports results for the quarter ended in September 30 - Earnings Summary

Mohawk Industries

27/10/2024 15:48

* Mohawk Industries Inc  MHK.N  reported quarterly adjusted
earnings of $2.90​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $2.72.  The mean expectation of sixteen analysts
for the quarter was for earnings of $2.89 per share. Wall Street
expected results to range from $2.76  to $2.97 per share.
    * Revenue fell 1.7% to $2.72 billion from a year ago;
analysts
expected $2.70 billion. 
    * Mohawk Industries Inc's reported EPS for the quarter was
$2.55​.
    * The company reported quarterly net income of $162 million.
    * Mohawk Industries Inc shares had fallen by 5.5% this
quarter and
gained 46.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "buy"

Wall Street's median 12-month price target for Mohawk Industries
Inc is $169.61 
This summary was machine generated from LSEG data October 27 at
03:48 p.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
 Sep. 30 2024      2.89           2.90           Beat
 Jun. 30 2024      2.75           3.00           Beat
 Mar. 31 2024      1.68           1.86           Beat
 Dec. 31 2023      1.86           1.96           Beat