A Preview Of Middleby's Earnings

Middleby (NASDAQ:MIDD) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Middleby to report an earnings per share (EPS) of $2.49.

The market awaits Middleby's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

The company's EPS beat by $0.08 in the last quarter, leading to a 2.52% drop in the share price on the following day.

Here's a look at Middleby's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.31

2.07

2.44

2.33

EPS Actual

2.39

1.89

2.65

2.35

Price Change %

-3.0%

-2.0%

2.0%

3.0%

Analysts' Perspectives on Middleby

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Middleby.

A total of 4 analyst ratings have been received for Middleby, with the consensus rating being Buy. The average one-year price target stands at $154.25, suggesting a potential 11.78% upside.

Comparing Ratings Among Industry Peers

The analysis below examines the analyst ratings and average 1-year price targets of ESAB, Flowserve and Watts Water Technologies, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.

The prevailing sentiment among analysts is an ...