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Valued at roughly $7 billion by market cap, Georgia-based Mohawk Industries, Inc. (MHK) is a global leader in flooring, supplying a wide range of products. From carpet and rugs to tile, wood, and vinyl, for residential and commercial use. With a fully integrated manufacturing and distribution network, the company maintains an edge across materials and markets. Its portfolio includes some of the most established names in the industry, such as Daltile, Marazzi, Pergo, and Mohawk, catering to both renovation projects and new construction worldwide.
The company is expected to release its fiscal 2025 second-quarter earnings report after the market closes on Thursday, July 24. Ahead of this event, analysts project Mohawk to report a profit of $2.63 per share, down 12.3% from $3 per share reported in the year-ago quarter. Impressively, the company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
Over the longer term, analysts forecast Mohawk to report an EPS of $9.21 in fiscal 2025, representing a 5.1% decline from the $9.70 reported in fiscal 2024. However, the dip appears to be short-lived. Forecasts for fiscal 2026 indicate a strong rebound, with EPS projected to increase 15.4% to $10.63.
Over the past year, Mohawk has gained marginally, underperforming the broader S&P 500 Index's ($SPX) modest 13.4% return and is also lagging behind the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 17.8% rise during the same stretch.
After the company posted mixed fiscal 2025 Q1 earnings results on May 1, shares of Mohawk slipped almost 1.7% in the subsequent trading session. Revenue declined 5.7% year-over-year to $2.5 billion, falling short of the $2.6 billion Wall Street expected, as all segments reported weaker sales. However, adjusted EPS offered a bright spot. Despite falling 18.3% annually to $1.52, it still managed to beat analyst estimates by a 7.8% margin.
Analysts' consensus view on MHK remains somewhat optimistic, with an overall "Moderate Buy" rating. Among 15 analysts covering the stock, eight suggest a "Strong Buy," and the remaining seven give a “Hold” rating. MHK’s mean price target of $126.40 represents a 14% premium to current price levels.
