Earnings Preview For Middleby
Portfolio Pulse from Benzinga Insights
Middleby (NASDAQ:MIDD) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $2.32. The company's past performance shows a trend of beating EPS estimates but this has not always led to a positive impact on the share price. The stock is currently trading at $148.79 and has seen a 1.65% decrease over the last 52-week period.
August 04, 2023 | 12:21 pm
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Middleby is expected to report an EPS of $2.32 in its upcoming earnings. Despite past EPS beats, the stock price has not consistently increased, indicating mixed investor sentiment.
Middleby has a history of beating EPS estimates, but this has not always translated into a positive impact on the stock price. This suggests that other factors, such as guidance or market sentiment, may be influencing the stock's performance. Given the stock's negative return over the past year, investors may be cautious going into this earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100