Mohawk Industries (NYSE:MHK) reported its Q4 earnings results on Thursday, February 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Mohawk Industries beat estimated earnings by 2.79%, reporting an EPS of $2.95 versus an estimate of $2.87.
Revenue was up $119.24 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12, which was followed by a 10.98% drop in the share price the next day.
Here's a look at Mohawk Industries's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 3.83 | 3.63 | 2.81 | 2.87 |
| EPS Actual | 3.95 | 4.45 | 3.49 | 3.54 |
| Revenue Estimate | 2.89B | 2.73B | 2.61B | 2.49B |
| Revenue Actual | 2.82B | 2.95B | 2.67B | 2.64B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Mohawk Industries management provided guidance for their next quarter, expecting earnings between $2.9 and $3.0 per share for the next quarter.
This represents a 0.0% in quarter-over-quarter growth for Mohawk Industries, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
