Mohawk Industries, Inc. (NYSE:MHK) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MHK to report 3Q20 income of $ 2.14 per share.
For the full year, analysts anticipate top line of $ 9260.58 million, while looking forward to income of $ 6.18 per share bottom line.
Previous Quarter Performance
Mohawk Industries, Inc. recorded income for the second quarter of $ 0.37 per share, from the revenue of $ 2,050.00 million. The quarterly earnings declined 87.20 percent while revenues reduced 20.67 percent compared with the same quarter last year. The top line results outshined analysts by $ 187.62 million or 10.07 percent.
Stock Performance
Shares of Mohawk Industries, Inc. traded low $ -5.11 or -5.25 percent on Wednesday, reaching $ 92.21 with volume of 501.90 thousand shares. Mohawk Industries, Inc. has traded high as $ 96.67 and has cracked $ 92.04 on the downward trend
According to the previous trading day, closing price of $ 92.21, representing a 71.88 % increase from the 52 week low of $ 56.62 and a 36.41 % decrease over the 52 week high of $ 153.05.
The company has a market capital of $ 6.56 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Raymond James at Outperform rating, with $ 120.00 target price.
- On 17th September 2020, upgraded by Northcoast Research to Buy from Neutral rating.
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
