The Middleby Corporation reports results for the quarter ended June 30 - Earnings Summary
The Middleby Corporation reports results for the quarter ended June 30 - Earnings Summary
The Middleby Corporation MIDD.OQ reported quarterly adjusted earnings of $1.74 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.35. The mean expectation of ten analysts for the quarter was for earnings of $2.03 per share. Wall Street expected results to range from $1.59 to $2.44 per share.
Revenue fell 35.5% to $630.61 million from a year ago; analysts expected $684.37 million.
The Middleby Corporation's reported EPS for the quarter was $1.21.
The company reported quarterly net income of $54.81 million.
The Middleby Corporation shares had fallen by 5.8% this quarter and gained 9.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 12.5% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"
Wall Street's median 12-month price target for The Middleby Corporation is $167.00, about 22% above its last closing price of $130.30
This summary was machine generated from LSEG data August 11 at 12:01 p.m. UTC. 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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 2.03 | 1.74 | Missed |
Mar. 31 2026 | 1.94 | 2.16 | Beat |
Dec. 31 2025 | 2.27 | 2.42 | Beat |
Sep. 30 2025 | 2.07 | 2.37 | Beat |