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

Mohawk Industries

27/10/2023 24:24

* Mohawk Industries Inc  MHK.N  reported quarterly adjusted
earnings of $2.72​​ per share for the quarter ended in
September. The mean expectation of eighteen analysts for the
quarter was for earnings of $2.65 per share.
    * Revenue fell 5.2% to $2.77 billion from a year ago;
analysts
expected $2.74 billion. 
    * Mohawk Industries Inc's reported EPS for the quarter was a
loss
of $11.94​.
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Mohawk Industries Inc shares had fallen by 8.9% this
quarter and
lost 23.5% so far this year.
    * The company reported a quarterly loss of $760.46 million.
    * Wall Street's median 12-month price target for Mohawk
Industries
Inc is $104.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 11:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.65           2.72           Beat
 Jun. 30 2023      2.65           2.76           Beat
 Mar. 31 2023      1.30           1.75           Beat
 Dec. 31 2022      1.32           1.32           Met