Wall Street analysts expect Mohawk Industries (MHK - Free Report) to post quarterly earnings of $1.85 per share in its upcoming report, which indicates a year-over-year increase of 40.2%. Revenues are expected to be $2.58 billion, down 2.7% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Mohawk Industries metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net sales- Global Ceramic' of $1.00 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
It is projected by analysts that the 'Net sales- Flooring ROW' will reach $698.94 million. The estimate suggests a change of -2.5% year over year.
Based on the collective assessment of analysts, 'Net sales- Flooring NA' should arrive at $878.22 million. The estimate indicates a year-over-year change of -7.2%.
The combined assessment of analysts suggests that 'Adjusted Operating Income- Global Ceramic' will likely reach $66.73 million. The estimate compares to the year-ago value of $70.09 million.
The consensus estimate for 'Adjusted Operating Income- Flooring ROW' stands at $70.18 million. The estimate compares to the year-ago value of $55.53 million.
View all Key Company Metrics for Mohawk Industries here>>>
Shares of Mohawk Industries have experienced a change of +4.9% in the past month compared to the +4.6% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), MHK is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Mohawk Industries (MHK - Free Report) to post quarterly earnings of $1.85 per share in its upcoming report, which indicates a year-over-year increase of 40.2%. Revenues are expected to be $2.58 billion, down 2.7% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Mohawk Industries metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net sales- Global Ceramic' of $1.00 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
It is projected by analysts that the 'Net sales- Flooring ROW' will reach $698.94 million. The estimate suggests a change of -2.5% year over year.
Based on the collective assessment of analysts, 'Net sales- Flooring NA' should arrive at $878.22 million. The estimate indicates a year-over-year change of -7.2%.
The combined assessment of analysts suggests that 'Adjusted Operating Income- Global Ceramic' will likely reach $66.73 million. The estimate compares to the year-ago value of $70.09 million.
The consensus estimate for 'Adjusted Operating Income- Flooring ROW' stands at $70.18 million. The estimate compares to the year-ago value of $55.53 million.
View all Key Company Metrics for Mohawk Industries here>>>
Shares of Mohawk Industries have experienced a change of +4.9% in the past month compared to the +4.6% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), MHK is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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