Mohawk's (MHK) Q1 Earnings Likely to Decline: Factors to Note

Mohawk Industries, Inc. (MHK) is scheduled to report first-quarter 2024 results on Apr 25, after market close.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate by 6% and increased 48.5% year over year. Net sales beat the consensus estimate by 1.3% but dropped 1.5% from the year-ago quarter’s levels.MHK’s earnings surpassed expectations in each of the trailing four quarters, with an average of 12.5%.Trend in Estimate RevisionThe Zacks Consensus Estimate for Moh ...