Mohawk Industries Earnings Preview: Can This Streak Continue?

Mohawk Industries (NYSE:MHK) will report earnings after markets close on Thursday, May 2nd. Mohawk Industries, Inc. designs, manufactures, and markets woven and tufted broadloom carpets and rugs for residential and commercial applications. The Company markets its products under brand names such as Mohawk, Aladdin, Alexander Smith, Bigelow, and Galaxy. Mohawk also offers bath rugs, area rugs, decorative throws, and a laminate product line, among other products.

Here is your Cheat Sheet to Mohawk Industries Earnings:

Earnings Expectations: Analysts expect earnings of $0.85 per share on revenues of $1.53 billion. Currently, the company’s P/E ratio stands at 31.51.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.51 to a profit $1.56. For the current year, the average estimate is a profit of $5.48, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Mohawk Industries has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,826 5,344 5,319 5,642 5,788
Diluted EPS ($) -21.32 -0.08 2.65 2.52 3.61

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,378 1,409 1,470 1,473 1,436
Diluted EPS ($) 0.6220 0.58 1.06 1.01 0.9555

Past Performance:
Mohawk Industries has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]