Mohawk Industries (MHK) Q4 Earnings Report Preview: What To Look For

MHK Cover Image

Flooring manufacturer Mohawk Industries (NYSE: MHK) will be announcing earnings results this Thursday after market hours. Here’s what investors should know.

Mohawk Industries beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $2.76 billion, up 1.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ revenue estimates but EPS guidance for next quarter missing analysts’ expectations.

Is Mohawk Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Mohawk Industries’s revenue to grow 1.4% year on year to $2.68 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $1.98 per share.

Mohawk Industries Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mohawk Industries has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Mohawk Industries’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. MasterCraft delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 4.1%, and Tapestry reported revenues up 14%, topping estimates by 7.7%. MasterCraft traded up 8.6% following the results while Tapestry was also up 17.1%.

Read our full analysis of MasterCraft’s results here and Tapestry’s results here.

Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Mohawk Industries is up 15% during the same time and is heading into earnings with an average analyst price target of $135.07 (compared to the current share price of $136.91).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  202.20
-1.88 (-0.92%)
AAPL  272.50
-3.00 (-1.09%)
AMD  213.38
-0.20 (-0.09%)
BAC  53.56
-0.29 (-0.54%)
GOOG  311.41
+0.08 (0.03%)
META  665.00
-3.69 (-0.55%)
MSFT  402.34
-2.03 (-0.50%)
NVDA  192.12
+2.07 (1.09%)
ORCL  156.41
-0.75 (-0.48%)
TSLA  430.00
+1.73 (0.40%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.