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

The Middleby

03/08/2023 16:08

* Middleby Corp  MIDD.OQ  reported quarterly adjusted
earnings of
$2.47​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
$2.35 per share.
    * Revenue rose 2.6% to $1.04 billion from a year ago;
analysts
expected $1.04 billion. 
    * Middleby Corp's reported EPS for the quarter was $2.16​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Middleby Corp shares had fallen by 2.6% this quarter and
gained 7.5% so far this year.
    * The company reported quarterly net income of $116.85
million.
    * Wall Street's median 12-month price target for Middleby
Corp is
$178.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 03:07 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.35           2.47           Beat
 Mar. 31 2023      1.95           2.19           Beat
 Dec. 31 2022      2.42           2.57           Beat
 Sep. 30 2022      2.36           2.18           Missed