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

The Middleby

09/11/2022 14:33

* Middleby Corp  MIDD.OQ  reported quarterly adjusted
earnings of
$2.18​​ per share for the quarter ended in September. The mean
expectation of ten analysts for the quarter was for earnings of
$2.36 per share.
    * Revenue rose 21.4% to $992.87 million from a year ago;
analysts
expected $1.02 billion. 
    * Middleby Corp's reported EPS for the quarter was $1.92​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Middleby Corp shares had risen by 7.8% this quarter and
lost 29.8% so far this year.
    * The company reported quarterly net income of $104.37
million.
    * Wall Street's median 12-month price target for Middleby
Corp is
$175.00 
    * 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 Refinitiv data November
9 at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      2.36           2.18           Missed
 Jun. 30 2022      2.10           2.23           Beat
 Mar. 31 2022      2.10           2.13           Beat
 Dec. 31 2021      2.03           2.11           Beat