Middleby Q2 Adj EPS $2.47 Beats $2.32 Estimate, Sales $1.039B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby Corporation reported Q2 adjusted earnings of $2.47 per share, beating the analyst consensus estimate of $2.32 by 6.47%. However, the company's quarterly sales of $1.039 billion missed the analyst consensus estimate of $1.04 billion by 0.10%. The earnings and sales figures represent a 10.76% and 2.47% increase respectively from the same period last year.
August 04, 2023 | 12:56 pm
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NEUTRAL IMPACT
Middleby's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
While the earnings beat could boost investor confidence and potentially drive the stock price up, the sales miss could have the opposite effect, leading to a potential sell-off. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100