The Middleby Corporation reports results for the quarter ended September 30 - Earnings Summary

• The Middleby Corporation reported quarterly adjusted earnings of $2.07​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.37. The mean expectation of ten analysts for the quarter was for earnings of $1.74 per share. Wall Street expected results to range from $1.69 to $1.80 per share.

• Revenue fell 33.6% to $652.58 million from a year ago; analysts expected $634.03 million.

• The Middleby Corporation's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $1.62 million.

• The Middleby Corporation shares had risen by 23.1% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "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 $152.00, about 16.1% above its last closing price of $127.55

This summary was machine generated from LSEG data November 5 at 08:10 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)