Alert: New Earnings Report (11/8/23)-The Middleby Corp (NASDAQ: MIDD).


The Middleby Corp (NASDAQ: MIDD) has reported earnings for its third fiscal quarter (ending September 30) of $2.03 versus $1.94 for the same period a year ago — an increase of 5%. Relative to the consensus estimate of $2.33, this was a shortfall of $-0.30. E.P.S. were $8.54 for the latest four quarters through September 30 versus $7.46 for the same period a year ago — an increase of 14%.


Recent Price Action

The Middleby Corp (NASDAQ: MIDD) stock rose modestly by 0.9% on 11/8/23. The stock closed at $115.48. The stock has performed in line with the market over the last nine months and has risen 2.3% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, MIDD is expected to continue to be an important Value Builder.

Middleby has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Middleby has a good Appreciation Score of 73 but a slightly negative Power Rating of 38, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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