Preview: Middleby's Earnings
Portfolio Pulse from Benzinga Insights
Middleby (NASDAQ:MIDD) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $2.44. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Middleby's share price reacts to earnings performance and guidance. The stock, currently at $144.67, has seen a 6.1% decline over the last year.
February 19, 2024 | 6:01 pm
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Middleby is expected to report an EPS of $2.44 for the upcoming quarter. Historical performance shows a correlation between earnings outcomes and stock price movements. With shares down 6.1% over the past year, the upcoming earnings report and guidance could significantly influence the stock's short-term trajectory.
Given Middleby's history of stock price reactions to earnings performance and guidance, the upcoming report could lead to positive short-term price movement, especially if the company beats the EPS estimate and provides optimistic future guidance. However, the stock's recent negative trend suggests investor caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100