Middleby Corp reports results for the quarter ended in December - Earnings Summary

The Middleby

21/02/2023 14:32

* Middleby Corp  MIDD.OQ  reported quarterly adjusted
earnings of
$2.57​​ per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for earnings
of $2.42 per share.
    * Revenue rose 19.1% to $1.03 billion from a year ago;
analysts
expected $1.01 billion. 
    * Middleby Corp's reported EPS for the quarter was $2.45​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Middleby Corp shares had risen by 15.8% this quarter.
    * The company reported quarterly net income of $133.2
million.
    * Wall Street's median 12-month price target for Middleby
Corp is
$174.00 
    * 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." 

This summary was machine generated from Refinitiv data February
21 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.42           2.57           Beat
 Sep. 30 2022      2.36           2.18           Missed
 Jun. 30 2022      2.10           2.23           Beat
 Mar. 31 2022      2.10           2.13           Beat