What is Zacks Research's Forecast for Middleby Q1 Earnings?

Key Points

• Zacks Research has lowered its Q1 2026 earnings estimate for Middleby to $1.90 per share, down from a previous forecast of $2.02, and maintains a "Strong Sell" rating on the stock.
• Middleby reported Q2 earnings of $2.35 per share, exceeding expectations, but revenue of $977.86 million fell short of analyst predictions.
• Currently, Middleby holds a consensus rating of "Hold" with a price target averaging $160.71 across various analysts, reflecting a mix of ratings and outlooks from different institutions.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Analysts at Zacks Research cut their Q1 2026 earnings estimates for Middleby in a note issued to investors on Monday, September 29th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.90 per share for the quarter, down from their previous forecast of $2.02. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's Q4 2026 earnings at $2.86 EPS, Q1 2027 earnings at $1.90 EPS and Q2 2027 earnings at $3.02 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.15. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The business had revenue of $977.86 million during the quarter, compared to analysts' expectations of $979.59 million. During the same period in the previous year, the company earned $2.39 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis.

A number of other research analysts have also issued reports on MIDD. JPMorgan Chase & Co. dropped their price target on shares of Middleby from $145.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays dropped their price target on shares of Middleby from $180.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Wolfe Research set a $163.00 price target on shares of Middleby and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Finally, Canaccord Genuity Group boosted their price target on shares of Middleby from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Middleby currently has a consensus rating of "Hold" and an average price target of $160.71.

Middleby Trading Up 0.4%

NASDAQ MIDD opened at $133.52 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 2.57. The firm has a market cap of $6.77 billion, a PE ratio of 16.99 and a beta of 1.54. Middleby has a one year low of $118.09 and a one year high of $182.73. The firm's fifty day moving average is $136.63 and its two-hundred day moving average is $140.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TCTC Holdings LLC grew its position in Middleby by 116.7% during the first quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company's stock worth $26,000 after buying an additional 91 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Middleby during the second quarter worth about $30,000. Allworth Financial LP grew its position in Middleby by 168.8% during the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company's stock worth $30,000 after buying an additional 130 shares during the period. AdvisorShares Investments LLC acquired a new position in Middleby during the second quarter worth about $37,000. Finally, Versant Capital Management Inc grew its position in Middleby by 760.0% during the first quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company's stock worth $39,000 after buying an additional 228 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.

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