How did MHK's Q4 2024 earnings surprise impact investor confidence?

Mohawk Industries' (MHK) Q4 2024 earnings surprise had a complex impact on investor confidence, as evidenced by the following points:

1. **Earnings Surprise**: MHK reported an earnings per share (EPS) surprise of $0.08 for Q4 2024, which is a positive indicator, suggesting that the company's performance exceeded market expectations.

2. **Investor Reaction**: Despite the positive earnings surprise, MHK's stock experienced a decline, with a 2.03% decrease to $105.65. This could indicate that factors other than the earnings report were influencing investor sentiment.
3. **Broader Market Context**: The impact of the earnings surprise was likely influenced by broader market conditions and other company-specific factors. For instance, MHK's stock decline was also attributed to a weak earnings report with reduced guidance, which could have overshadowed the positive earnings surprise.
4. **Analyst Perspectives**: Analysts' target prices for MHK's stock may reflect their views on the company's future prospects. However, the specific target prices are not provided, so it is difficult to assess the impact of the earnings surprise on analysts' confidence.

In conclusion, while MHK's Q4 2024 earnings surprise was positive, it may not have been sufficient to fully restore investor confidence, given the broader market context and other factors influencing the stock's performance.