Mohawk Industries Q3 Adj EPS $2.72 Beats $2.65 Estimate, Sales $2.77B Beat $2.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mohawk Industries (NYSE:MHK) reported Q3 adjusted earnings of $2.72 per share, beating the analyst consensus estimate of $2.65 by 2.64%. However, this is a 18.56% decrease from the same period last year. The company also reported quarterly sales of $2.77 billion, beating the estimate of $2.74 billion by 0.95%, but this is a 5.21% decrease from the same period last year.
October 26, 2023 | 8:18 pm
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NEUTRAL IMPACT
Mohawk Industries reported Q3 earnings and sales that beat estimates, but both figures are down from the same period last year.
While Mohawk Industries beat Q3 estimates, the year-on-year decreases in earnings and sales could potentially offset any positive impact from beating estimates. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100