Middleby Corp expected to post earnings of $2.35 a share - Earnings Preview

The Middleby

01/08/2023 19:35

* Middleby Corp  MIDD.OQ   MIDD.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 3. 
    * The Elgin Illinois-based  company is expected to report  a
2.2% increase in revenue to $1.036 billion from $1.01 billion 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 $2.35 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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
$178.5​, above​ its last closing price of $151.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.97        1.95       2.19      Beat    12.3
 Dec. 31 2023  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.        2.10        2.10       2.13      Beat    1.2
 31 2022                                                
 Dec. 31 2021  2.02        2.03       2.11      Beat    4​
 Sep. 30 2021  1.97        2.01       1.92      Missed  -4.5
 Jun. 30 2021  2.09        2.07       2.11      Beat    1.8
 This summary was machine generated August 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated