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Aditya Sarawgi

HISTORICAL FACTS: Earnings preview what to expect from mohawk industries report - Caught on Camera

Mohawk Mohawk Industries MHK

Calhoun, Georgia-based Mohawk Industries, Inc. (MHK) designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels. With a market cap of $9.9 billion, Mohawk Industries’ operations span the Americas, Europe, and Indo-Pacific. It is expected to release its third-quarter earnings on Thursday, Oct. 24.

Ahead of the event, analysts expect Mohawk to report a profit of $2.89 per share, up 6.3% from $2.72 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew 8.7% year-over-year to $3.00, exceeding the consensus estimates by the same margin.

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