Earnings Outlook For Mohawk Industries
Portfolio Pulse from Benzinga Insights
Mohawk Industries (NYSE:MHK) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $2.66. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $78.65, down 20.54% over the last 52-week period.
October 25, 2023 | 4:01 pm
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NEGATIVE IMPACT
Mohawk Industries is expected to report an EPS of $2.66 in its upcoming earnings. The company's stock has a history of falling after earnings beats, and it's down 20.54% over the past year.
Mohawk Industries' stock has a history of falling after earnings beats, which could indicate investor skepticism about the company's ability to sustain its performance. The stock's 20.54% decline over the past year further suggests a negative sentiment among investors. Therefore, even if the company beats the EPS estimate, the stock price might still fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100