Flooring manufacturer Mohawk Industries (NYSE:MHK) will be reporting results tomorrow afternoon. Here’s what to expect.
Mohawk Industries beat analysts’ revenue expectations by 4.1% last quarter, reporting revenues of $2.64 billion, flat year on year. It was a mixed quarter for the company, with a solid beat of analysts’ organic revenue estimates but EPS guidance for next quarter missing analysts’ expectations significantly.
Is Mohawk Industries a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Mohawk Industries’s revenue to decline 4.9% year on year to $2.55 billion, in line with the 4.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mohawk Industries has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
Looking at Mohawk Industries’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Leggett & Platt’s revenues decreased 6.8% year on year, meeting analysts’ expectations, and Hasbro reported revenues up 17.1%, topping estimates by 14.8%. Leggett & Platt traded up 32% following the results while Hasbro was also up 15.9%.
Read our full analysis of Leggett & Platt’s results here and Hasbro’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Mohawk Industries is down 6.1% during the same time and is heading into earnings with an average analyst price target of $134.09 (compared to the current share price of $108).
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