For the quarter ended March 2023, Middleby (MIDD - Free Report) reported revenue of $1.01 billion, up 1.3% over the same period last year. EPS came in at $2.19, compared to $2.13 in the year-ago quarter.
The reported revenue represents a surprise of +4.07% over the Zacks Consensus Estimate of $967.97 million. With the consensus EPS estimate being $1.93, the EPS surprise was +13.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Middleby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Commercial Foodservice: $613.94 million versus $602.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
- Revenue- Residential Kitchen: $219.96 million versus $205.41 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -33.6% change.
- Revenue- Food Processing: $173.50 million versus $160.20 million estimated by five analysts on average.
- Income (loss) from operations- Commercial Foodservice: $136.56 million versus the five-analyst average estimate of $131.68 million.
- Income (loss) from operations- Residential Kitchen: $21.19 million compared to the $19.06 million average estimate based on five analysts.
- Income (loss) from operations- Food Processing: $34.69 million versus $23.66 million estimated by five analysts on average.
View all Key Company Metrics for Middleby here>>>Shares of Middleby have returned +5% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended March 2023, Middleby (MIDD - Free Report) reported revenue of $1.01 billion, up 1.3% over the same period last year. EPS came in at $2.19, compared to $2.13 in the year-ago quarter.
The reported revenue represents a surprise of +4.07% over the Zacks Consensus Estimate of $967.97 million. With the consensus EPS estimate being $1.93, the EPS surprise was +13.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Middleby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Commercial Foodservice: $613.94 million versus $602.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
- Revenue- Residential Kitchen: $219.96 million versus $205.41 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -33.6% change.
- Revenue- Food Processing: $173.50 million versus $160.20 million estimated by five analysts on average.
- Income (loss) from operations- Commercial Foodservice: $136.56 million versus the five-analyst average estimate of $131.68 million.
- Income (loss) from operations- Residential Kitchen: $21.19 million compared to the $19.06 million average estimate based on five analysts.
- Income (loss) from operations- Food Processing: $34.69 million versus $23.66 million estimated by five analysts on average.
View all Key Company Metrics for Middleby here>>>Shares of Middleby have returned +5% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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