Mohawk Industries (MHK - Free Report) reported $2.77 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 5.2%. EPS of $2.72 for the same period compares to $3.34 a year ago.
The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $2.73 billion. With the consensus EPS estimate being $2.65, the EPS surprise was +2.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mohawk Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Global Ceramic: $1.09 billion versus the five-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of -0.5%.
- Net sales- Flooring ROW: $712.29 million versus the five-analyst average estimate of $710.06 million. The reported number represents a year-over-year change of -2.6%.
- Net sales- Flooring NA: $962.22 million versus $942.98 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.7% change.
- Adjusted Operating Income- Global Ceramic: $87.59 million versus the five-analyst average estimate of $95.37 million.
- Adjusted Operating Income- Flooring NA: $77.66 million versus $74.38 million estimated by five analysts on average.
- Adjusted Operating Income- Flooring ROW: $77.33 million versus the five-analyst average estimate of $75.06 million.
- Adjusted Operating Income- Corporate and intersegment eliminations: -$9.77 million compared to the -$12.43 million average estimate based on three analysts.
View all Key Company Metrics for Mohawk Industries here>>>Shares of Mohawk Industries have returned -6.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Mohawk Industries (MHK - Free Report) reported $2.77 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 5.2%. EPS of $2.72 for the same period compares to $3.34 a year ago.
The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $2.73 billion. With the consensus EPS estimate being $2.65, the EPS surprise was +2.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mohawk Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Global Ceramic: $1.09 billion versus the five-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of -0.5%.
- Net sales- Flooring ROW: $712.29 million versus the five-analyst average estimate of $710.06 million. The reported number represents a year-over-year change of -2.6%.
- Net sales- Flooring NA: $962.22 million versus $942.98 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.7% change.
- Adjusted Operating Income- Global Ceramic: $87.59 million versus the five-analyst average estimate of $95.37 million.
- Adjusted Operating Income- Flooring NA: $77.66 million versus $74.38 million estimated by five analysts on average.
- Adjusted Operating Income- Flooring ROW: $77.33 million versus the five-analyst average estimate of $75.06 million.
- Adjusted Operating Income- Corporate and intersegment eliminations: -$9.77 million compared to the -$12.43 million average estimate based on three analysts.
View all Key Company Metrics for Mohawk Industries here>>>Shares of Mohawk Industries have returned -6.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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