Mohawk Industries MHK is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mohawk Industries will report an earnings per share (EPS) of $2.88.
The announcement from Mohawk Industries is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Overview of Past Earnings
During the last quarter, the company reported an EPS beat by $0.25, leading to a 19.49% increase in the share price on the subsequent day.
Here's a look at Mohawk Industries's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 2.75 | 1.68 | 1.86 | 2.65 |
| EPS Actual | 3 | 1.86 | 1.96 | 2.72 |
| Price Change % | 19.0% | 5.0% | 0.0% | -2.0% |
Market Performance of Mohawk Industries's Stock
Shares of Mohawk Industries were trading at $152.93 as of October 22. Over the last 52-week period, shares are up 94.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Mohawk Industries visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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