Mohawk Q3 Earnings Beat, Stock Declines on Low Sales & Tepid Q4 View [Yahoo! Finance]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar On the other hand, net sales declined on a year-over-year basis but marginally beat the consensus mark. Mohawk noted that market conditions were slower than anticipated across the regions due to high interest rates, lingering inflation and lower consumer confidence. Commercial channel has also lost some momentum yet outperformed residential. MHK's stock plunged 9.6% in the after-hours trading session on Thursday. As global conflicts, political uncertainty and inflation are weighing on consumer confidence and discretionary spending around the world, MHK does not see an industry improvement this year. It also expects recent U.S. hurricanes to negatively impact its fourth-quarter sales by $25-$40 million. Nonetheless, it expects recent interest rate cuts in the United States, Europe and Latin America will strengthen housing markets and increase flooring sales next year. Mohawk reported adjusted earnings per
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MHK
News
- When Should You Buy Mohawk Industries, Inc. (NYSE:MHK)? [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $146.00 to $141.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Loop Capital from $185.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 10/24/24 - Beat
MHK
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- MHK's page on the SEC website