Middleby Corp expected to post earnings of $2.06 a share - Earnings Preview
06/05/2024 16:53
* Middleby Corp MIDD.OQ MIDD.O is expected to show a
fall in
quarterly revenue when it reports results on May 8 for the
period ending March 31 2024
* The Elgin Illinois-based company is expected to report a
2.9% decrease in revenue to $978.583 million from $1.01 billion
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue/Sales)
* LSEG's mean analyst estimate for Middleby Corp is for
earnings
of $2.06 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$171.00, above its last closing price of $140.08.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 2.45 2.44 2.65 Beat 8.8
Sep. 30 2023 2.31 2.31 2.35 Beat 1.8
Jun. 30 2023 2.31 2.35 2.47 Beat 5.2
Mar. 31 2023 1.97 1.95 2.19 Beat 12.3
Dec. 2.42 2.42 2.57 Beat 6.2
31 2022
Sep. 30 2022 2.35 2.36 2.18 Missed -7.5
Jan. 1 0001 2.11 2.10 2.23 Beat 6
Mar. 31 2022 2.10 2.10 2.13 Beat 1.2
This summary was machine generated May 6 at 15:53 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)