Middleby Q1 2024 Adj EPS $1.89 Misses $2.06 Estimate, Sales $926.926M Miss $978.583M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middleby (NASDAQ:MIDD) reported Q1 2024 earnings of $1.89 per share, missing the $2.06 estimate, and sales of $926.926M, below the $978.583M estimate. This represents a decrease from the previous year's earnings and sales.
May 08, 2024 | 11:06 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Middleby reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially in comparison to the previous year's performance, is likely to negatively impact investor sentiment and the stock price of Middleby in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100