MIDD Stock Recent News

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Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

The Middleby Corporation's stock has only seen a 0.9% increase since February 2023, compared to the S&P 500's 28.1% increase. The company's revenue growth has been mixed, with the Commercial Foodservice and Food Processing segments showing impressive results, while the Residential Kitchen segment experienced a significant decline. Despite a decline in net income, Middleby's operating cash flow and EBITDA have improved, and the company is pursuing initiatives to improve profitability and target specific markets.

The Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?

Middleby (MIDD) is set to gain from strength in the Food Processing segment and the accretive acquisitions. Its measures to reward its shareholders are noteworthy.

Middleby's (MIDD) fourth-quarter 2023 results benefit from lower costs, partly offset by weakness in the residential business and housing market.

The Middleby Corporation (MIDD) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Middleby (MIDD) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Middleby (MIDD) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.57 per share a year ago.

Besides Wall Street's top -and-bottom-line estimates for Middleby (MIDD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.