Mohawk Industries Inc reports results for the quarter ended March 31 - Earnings Summary
02/05/2025 04:33
Mohawk Industries Inc MHK.N reported quarterly adjusted earnings of $1.52 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.86. The mean expectation of seventeen analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.32 to $1.53 per share. Revenue fell 5.7% to $2.53 billion from a year ago; analysts expected $2.56 billion. Mohawk Industries Inc's reported EPS for the quarter was $1.15. The company reported quarterly net income of $72.6 million. Mohawk Industries Inc shares had fallen by 6.9% this quarter and lost 10.7% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 16.5% 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 10 "strong buy" or "buy," 9 "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 $132.50 This summary was machine generated from LSEG data May 2 at 03:32 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 2025 | 1.41 | 1.52 | Beat |
| Dec. 31 2024 | 1.85 | 1.95 | Beat |
| Sep. 30 2024 | 2.89 | 2.90 | Beat |
| Jun. 30 2024 | 2.75 | 3.00 | Beat |