Zacks Research Issues Positive Forecast for MHK Earnings

Key Points

• Zacks Research raised Mohawk Industries’ Q3 2026 EPS forecast to $2.53 from $2.47, while projecting full-year 2026 earnings of $9.69 per share and FY2028 earnings of $11.66.
• Analyst sentiment remains cautious, with MHK carrying a consensus “Hold” rating and an average price target of $130.50, despite some firms raising their targets and one upgrading the stock to “Buy.”
• Mohawk recently exceeded quarterly expectations, reporting $3.67 EPS versus the $2.58 consensus and $2.99 billion in revenue. However, shares were down 1.5%, and insiders sold roughly $15.1 million of stock over the past quarter.

Mohawk Industries, Inc. (NYSE:MHK - Free Report) - Stock analysts at Zacks Research boosted their Q3 2026 EPS estimates for Mohawk Industries in a research note issued on Thursday, August 20th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.53 for the quarter, up from their previous forecast of $2.47. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Mohawk Industries' current full-year earnings is $9.69 per share. Zacks Research also issued estimates for Mohawk Industries' Q4 2026 earnings at $1.71 EPS, Q1 2027 earnings at $1.85 EPS, Q2 2027 earnings at $2.99 EPS, Q3 2027 earnings at $2.79 EPS, FY2027 earnings at $9.85 EPS, Q1 2028 earnings at $2.31 EPS, Q2 2028 earnings at $3.34 EPS and FY2028 earnings at $11.66 EPS.

MHK has been the topic of several other reports. Weiss Ratings raised Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Robert W. Baird upped their price objective on Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wall Street Zen upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. Finally, Wells Fargo & Company raised their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $130.50.

Mohawk Industries Stock Down 1.5%

Shares of MHK stock opened at $133.18 on Friday. The company's fifty day simple moving average is $119.77 and its two-hundred day simple moving average is $112.80. Mohawk Industries has a 52 week low of $92.99 and a 52 week high of $143.13. The stock has a market cap of $9.02 billion, a P/E ratio of 17.64, a PEG ratio of 1.99 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the sale, the insider owned 6,132 shares in the company, valued at approximately $855,291.36. This represents a 14.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.76, for a total transaction of $759,464.64. Following the transaction, the chief executive officer directly owned 79,625 shares of the company's stock, valued at $10,491,390. The trade was a 6.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,882 shares of company stock valued at $15,131,598 over the last quarter. Company insiders own 17.90% of the company's stock.

Hedge Funds Weigh In On Mohawk Industries

A number of large investors have recently made changes to their positions in MHK. BlackRock Inc. bought a new stake in Mohawk Industries in the second quarter worth about $777,293,000. Pzena Investment Management LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter worth approximately $138,661,000. Norges Bank purchased a new position in Mohawk Industries during the 4th quarter valued at $77,528,000. AQR Capital Management LLC grew its position in Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company's stock valued at $200,922,000 after acquiring an additional 670,601 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Mohawk Industries in the 2nd quarter valued at $80,880,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Zacks Research raised its Q3 2026 EPS forecast to $2.53 from $2.47, lifted Q2 2027 EPS to $2.99 from $2.77, and increased FY2027 EPS to $9.85 from $9.70. These revisions suggest some improvement in analysts’ expectations for Mohawk’s earnings outlook.
• Positive Sentiment: The firm also raised its Q3 2027 EPS estimate slightly to $2.79 from $2.78 and Q2 2028 EPS to $3.34 from $3.20. A separate Zacks analysis described MHK as a potential long-term value stock, which could support interest from value-oriented investors. Why Mohawk Industries Is a Top Value Stock for the Long-Term
• Neutral Sentiment: Zacks’ current full-year earnings consensus remains $9.69 per share, while its longer-term FY2028 forecast stands at $11.66. The unchanged Hold rating indicates that analysts see balanced upside and downside risks rather than a clear catalyst.
• Negative Sentiment: Zacks Research lowered its Q4 2026 EPS estimate to $1.71 from $1.83, cut Q1 2027 EPS to $1.85 from $1.91, and reduced FY2028 EPS to $11.66 from $11.84. These cuts point to weaker expectations for portions of Mohawk’s earnings path and may be weighing on the stock.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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