Mohawk Industries, Inc. will unveil its latest earnings on Thursday, February 23, 2012. Mohawk Industries is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
Mohawk Industries, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 72 cents per share, a rise of 9.1% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 18.1% compared to last year’s $2.93.
Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of 83 cents per share against a mean estimate of profit of 86 cents. The company topped expectations in the second quarter.
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Wall St. Revenue Expectations: Analysts predict a rise of 5.6% in revenue from the year-earlier quarter to $1.33 billion.
Analyst Ratings: Analysts seem relatively indifferent about Mohawk Industries with seven of 11 analysts surveyed maintaining a hold rating.
A Look Back: In the third quarter, profit fell 8.7% to $46.6 million (68 cents a share) from $51.1 million (74 cents a share) the year earlier, missing analyst expectations. Revenue rose 10.2% to $1.44 billion from $1.31 billion.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $16.03 (31.6%), from $50.76 to $66.79. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 7, 2011, when shares rose for 10 straight days, increasing 16.4% (+$8.12) over that span. It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight days, dropping 10.3% (-$5.89) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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