Core Insights - Analysts project Mohawk Industries (MHK) will report quarterly earnings of $2.63 per share, a decline of 12.3% year over year, with revenues expected to reach $2.79 billion, down 0.3% from the same quarter last year [1] - The consensus EPS estimate has been revised 2% lower over the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Financial Metrics - Analysts estimate 'Net Sales- Global Ceramic' will reach $1.12 billion, reflecting a change of +0.2% year over year [5] - 'Net Sales- Flooring ROW' is projected at $718.31 million, indicating a decline of -1.2% year over year [5] - 'Net Sales- Flooring NA' is expected to be $947.28 million, also down -1.2% from the previous year [5] - The consensus estimate for 'Adjusted Operating Income- Global Ceramic' is $80.12 million, down from $94.80 million in the same quarter last year [6] - 'Adjusted Operating Income- Flooring NA' is projected at $72.17 million, compared to $82.00 million in the same quarter of the previous year [6] - 'Adjusted Operating Income- Flooring ROW' is estimated at $76.45 million, down from $91.40 million year over year [7] Market Performance - Shares of Mohawk Industries have returned +6.3% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [7] - With a Zacks Rank 4 (Sell), MHK is expected to underperform the overall market in the near future [7]
What Analyst Projections for Key Metrics Reveal About Mohawk Industries (MHK) Q2 Earnings