Mohawk Industries, Inc. (MHK - Free Report) is scheduled to report fourth-quarter 2019 results on Feb 13, after market close.
In the last reported quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 4.2% and 0.8%, respectively. However, on a year-over-year basis, both the metrics declined 16.4% and 1.1%, respectively, due to softness in retail demand, strong dollar and excess inventories. These headwinds might hurt its fourth-quarter 2019 results as well.
Key Projections
The Zacks Consensus Estimate for Mohawk’s fourth-quarter earnings is pegged at $2.20 per share, indicating a 13% decline from the prior-year reported figure of $2.53. The consensus estimate for net sales is pegged at $2.41 billion, suggesting a 1.7% decrease from the year-ago reported figure.
Mohawk Industries, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Mohawk Industries, Inc. (MHK - Free Report) is scheduled to report fourth-quarter 2019 results on Feb 13, after market close.
In the last reported quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 4.2% and 0.8%, respectively. However, on a year-over-year basis, both the metrics declined 16.4% and 1.1%, respectively, due to softness in retail demand, strong dollar and excess inventories. These headwinds might hurt its fourth-quarter 2019 results as well.
Key Projections
The Zacks Consensus Estimate for Mohawk’s fourth-quarter earnings is pegged at $2.20 per share, indicating a 13% decline from the prior-year reported figure of $2.53. The consensus estimate for net sales is pegged at $2.41 billion, suggesting a 1.7% decrease from the year-ago reported figure.
Mohawk Industries, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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