Home Furnishings Stocks Q4 Earnings Review: Purple (NASDAQ:PRPL) Shines [Yahoo! Finance]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: Yahoo! Finance
A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition. The 6 home furnishings stocks we track reported a weak Q4; on average, revenues missed analyst consensus estimates by 1.2%, while next quarter's revenue guidance was 11.4% below consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, and home furnishings stocks have had a rough stretch, with share prices down 12.9% on averag
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News
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $124.00. They now have a "neutral" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE:MHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $122.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Loop Capital from $140.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at Truist Financial Co. from $127.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- MHK's page on the SEC website