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Mohawk Industries' (MHK) second-quarter results reflect inflationary pressure and lower volume.
While the top- and bottom-line numbers for Mohawk Industries (MHK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Mohawk's (MHK) second-quarter results are likely to reflect postponed new home sales and residential remodeling projects.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Mohawk Industries (MHK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Mohawk (MHK) is benefiting from its focus on long-term growth through product innovation, capacity expansions and acquisitions along with managing costs.
Mohawk Industries (MHK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Mohawk Industries (MHK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
CALHOUN, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2023 earnings release on Thursday July 27, 2023, you are invited to listen to the conference call that will be broadcast live on Friday July 28, 2023, at 11:00 am ET.
MHK shows promising signs of recovery with better-than-expected 1Q23 results, indicating a positive trend. Despite potential competition and pricing pressure, MHK's long-term prospects appear favorable, with factors such as lower energy and raw material costs acting as tailwinds. My recommendation is to hold and monitor MHK's progress, particularly in terms of margin improvement in 2Q23 and beyond.
Mohawk's (MHK) Flooring business banks on cost-saving measures amid inflationary woes.