What Analyst Projections for Key Metrics Reveal About Mohawk Industries (MHK) Q2 Earnings

Analysts on Wall Street project that Mohawk Industries (MHK) will announce quarterly earnings of $2.63 per share in its forthcoming report, representing a decline of 12.3% year over year. Revenues are projected to reach $2.79 billion, declining 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.In light of this perspective, let's dive into the average estimates of certain Mohawk Industries metrics that are commonly tracked and forecasted by Wall Street analysts.The combined assessment of analysts suggests that 'Net Sales- Global Ceramic' will likely reach $1.12 billion. The estimate indicates a change of +0.2% from the prior-year quarter.It is projected by analysts that the 'Net Sales- Flooring ROW' will reach $718.31 million. The estimate suggests a change of -1.2% year over year.Analysts predict that the 'Net Sales- Flooring NA' will reach $947.28 million. The estimate points to a change of -1.2% from the year-ago quarter.The consensus estimate for 'Adjusted Operating Income- Global Ceramic' stands at $80.12 million. Compared to the present estimate, the company reported $94.80 million in the same quarter last year.Based on the collective assessment of analysts, 'Adjusted Operating Income- Flooring NA' should arrive at $72.17 million. Compared to the current estimate, the company reported $82.00 million in the same quarter of the previous year.The collective assessment of analysts points to an estimated 'Adjusted Operating Income- Flooring ROW' of $76.45 million. The estimate is in contrast to the year-ago figure of $91.40 million. View all Key Company Metrics for Mohawk Industries here>>> Shares of Mohawk Industries have demonstrated returns of +6.3% over the past month compared to the Zacks S&P 500 composite's +5.9% change. With a Zacks Rank #4 (Sell), MHK is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mohawk Industries, Inc. (MHK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks