
Mohawk Industries (MHK) Stock Forecast & Price Target
Mohawk Industries (MHK) Analyst Ratings
Bulls say
Mohawk Industries has demonstrated positive financial momentum, with EBIT increasing by $5.5 million year-over-year and an improved EBIT margin of 5.3%. The Global Ceramic segment reported a sales increase of 1.5%, underscoring the company's success in hard surface sales across all channels, while the Flooring North America segment achieved a year-over-year revenue growth of 2.8%. Additionally, operational efficiencies contributed to $100 million in productivity gains, positioning the company for potential earnings recovery as market demand strengthens.
Bears say
Mohawk Industries Inc. has reported a decline in EBIT of $5.8 million year-over-year, alongside a contraction in operating margin to 10.0%, driven by unfavorable price/mix dynamics and rising material costs. The Flooring Rest of the World segment experienced a revenue drop of 2.1%, further compounded by a negative EBIT impact exceeding $350 million anticipated in 2024. Additionally, management has indicated a projected negative effect on Q1 2025 earnings per share due to systemic issues in the Flooring North America segment, highlighting significant operational and market challenges ahead.
This aggregate rating is based on analysts' research of Mohawk Industries and is not a guaranteed prediction by Public.com or investment advice.
Mohawk Industries (MHK) Analyst Forecast & Price Prediction
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