What is Zacks Research's Estimate for Middleby Q3 Earnings?

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Middleby to $1.73, from $1.74, and maintains a “Strong Sell” rating. Its full-year 2026 estimate is $6.82 per share.
• Middleby’s latest quarter exceeded expectations, with EPS of $2.35 versus the $2.09 consensus and revenue of $875.55 million versus $836.99 million expected. However, revenue declined 10.5% year over year.
• Shares opened at $105.11, near the company’s 52-week low of $102.14, while analysts’ consensus rating remains “Hold” with a $159.50 target price.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for Middleby in a report released on Monday, October 5th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $1.73 per share for the quarter, down from their previous forecast of $1.74. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Middleby's current full-year earnings is $6.85 per share. Zacks Research also issued estimates for Middleby's Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $6.82 EPS, Q3 2027 earnings at $1.94 EPS, FY2027 earnings at $7.43 EPS, Q1 2028 earnings at $1.89 EPS and Q3 2028 earnings at $2.04 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company had revenue of $875.55 million for the quarter, compared to analysts' expectations of $836.99 million. During the same period in the prior year, the business earned $2.35 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS.

MIDD has been the topic of several other reports. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised Middleby from a "neutral" rating to an "overweight" rating and increased their target price for the company from $141.00 to $147.00 in a research report on Tuesday, September 15th. Barclays reiterated an "overweight" rating and issued a $145.00 price target (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Wall Street Zen lowered Middleby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group decreased their price objective on Middleby from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $159.50.

Middleby Price Performance

Shares of MIDD opened at $105.11 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The company has a 50 day moving average price of $115.85 and a 200-day moving average price of $136.42. Middleby has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The stock has a market capitalization of $4.75 billion, a PE ratio of -11.35 and a beta of 1.32.

Hedge Funds Weigh In On Middleby

A number of large investors have recently made changes to their positions in MIDD. Root Financial Partners LLC boosted its position in Middleby by 64.2% during the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company's stock worth $35,000 after purchasing an additional 102 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Middleby by 2.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,841 shares of the industrial products company's stock valued at $642,000 after buying an additional 124 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Middleby by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company's stock worth $188,000 after buying an additional 133 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company's stock worth $29,000 after buying an additional 144 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Middleby in the 2nd quarter worth about $27,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Company Profile

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company's residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.

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