Middleby (MIDD) Set to Post Earnings on Thursday

Key Points

• Middleby is expected to report Q3 2026 results before Thursday’s market open. Analysts forecast earnings of $1.75 per share and revenue of $634.04 million, compared with company guidance of $1.67–$1.83 EPS.
• The company’s latest quarter exceeded expectations, with EPS of $2.35 versus the $2.09 consensus and revenue of $875.55 million. However, revenue declined 10.5% year over year and the company reported a negative net margin.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $159.25 target price, despite MIDD shares trading near $114 and well below their 12-month high of $180.13.

Middleby (NASDAQ:MIDD - Get Free Report) is expected to be announcing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $1.75 per share and revenue of $634.04 million for the quarter. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Investors may visit the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, November 5, 2026 at 10:00 AM ET.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The company's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company earned $2.35 EPS. On average, analysts expect Middleby to post $6.82 EPS for the current fiscal year and $7.61 EPS for the next fiscal year.

Middleby Stock Performance

Shares of MIDD stock opened at $114.04 on Thursday. The company has a market cap of $5.16 billion, a PE ratio of -12.32 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. Middleby has a 12-month low of $102.14 and a 12-month high of $180.13. The business's fifty day simple moving average is $109.81 and its 200-day simple moving average is $138.09.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MIDD shares. Canaccord Genuity Group set a $160.00 target price on Middleby and gave the stock a "buy" rating in a research report on Tuesday, September 1st. KeyCorp set a $152.00 price target on shares of Middleby in a research note on Tuesday, July 14th. Oppenheimer reiterated an "outperform" rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price target on shares of Middleby from $147.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Finally, Jefferies Financial Group dropped their price target on shares of Middleby from $200.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.25.

Middleby Company Profile

The Middleby Corporation NASDAQ: MIDD designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.