Mohawk Industries, Inc. MHK is set to release first-quarter 2016 results on May 5.Last quarter, this leading global manufacturer of flooring products posted a positive surprise of 3.30%. Mohawk Industries has surpassed estimates in three out of the past four quarters, resulting in an average positive surprise of 2.82%. Let’s see how things are shaping up for this announcement.Factors to Consider This QuarterFor the first quarter, Mohawk Industries’ adjusted earnings per share (excluding the impact of restructuring charges, acquisitions and other charges) are expected within the $2.24 to $2.33 range, representing a 32%–37% increase year over year. The demand trends in the U.S. and international markets are expected to be strong, as has been the case in 2015. Although growth in Europe is limited due to macroeconomic headwinds and sluggish business in Russia, the company’s international businesses are expected to post solid results. Sales and margins are projected to continuously improve from the 2015 level backed by continued innovation, process improvements and disciplined execution of sales strategies. However, the company expects foreign currency translation to adversely impact sales and profits. In addition, the rising cost of raw materials can hurt Mohawk’s profitability.Earnings Whisper?Our proven model does not conclusively show that Mohawk Industries is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for this to happen. That is not the case here, as you will see below.Zacks ESP: The ESP for Mohawk Industries is -0.43% as the Most Accurate estimate stands at $2.32 while the Zacks Consensus Estimate is pegged higher at $2.33.Zacks Rank #2 (Buy): Though Mohawk Industries’ Zacks Rank #2 increases the predictive power of ESP; we need to have a positive ESP to be confident about an earnings surprise.We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.Stocks to ConsiderHere are some companies in the broader consumer discretionary sector that can be considered as our model shows that they have the right combination of elements to post an earnings beat this quarter: Prestige Brands Holdings, Inc. PBH, with an Earnings ESP of +4.08% and a Zacks Rank #2Masonite International Corporation DOOR with an Earnings ESP of +9.52% and a Zacks Rank #3Pinnacle Entertainment Inc. PNK with an Earnings ESP of +23.21% and a Zacks Rank #3Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PINNACLE ENTRTN (PNK): Free Stock Analysis Report MASONITE INT CP (DOOR): Free Stock Analysis Report PRESTIGE BRANDS (PBH): Free Stock Analysis Report MOHAWK INDS INC (MHK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research