Middleby Corp expected to post earnings of $1.96 a share - Earnings Preview

The Middleby

08/05/2023 19:36

* Middleby Corp  MIDD.OQ   MIDD.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 10. 
    * The Elgin Illinois-based  company is expected to report  a
2.4% decrease in revenue to $970.686 million from $994.68
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Middleby Corp is
for
earnings of $1.96 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Middleby
Corp is
$175​, above​ its last closing price of $146.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  2.42        2.42       2.57      Beat    6.2
 Sep. 30 2022  2.35        2.36       2.18      Missed  -7.5
 Jun. 30 2022  2.11        2.10       2.23      Beat    6​
 Mar. 31 2022  2.10        2.10       2.13      Beat    1.2
 ​​Dec.        2.02        2.03       2.11      Beat    4
 31 2021                                                
 Sep. 30 2021  1.97        2.01       1.92      Missed  -4.5​
 Jun. 30 2021  2.09        2.07       2.11      Beat    1.8
 Mar. 31 2021  1.63        1.62       1.79      Beat    10.3
 This summary was machine generated May 8 at 18:36 GMT.  All
figures in US dollars  unless otherwise stated