Middleby (Nasdaq: MIDD ) is expected to report Q2 earnings around Aug. 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Middleby's revenues will expand 19.6% and EPS will improve 30.9%.
The average estimate for revenue is $252.2 million. On the bottom line, the average EPS estimate is $1.44.
Last quarter, Middleby chalked up revenue of $228.8 million. GAAP reported sales were 25% higher than the prior-year quarter's $182.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.20. GAAP EPS of $1.20 for Q1 were 24% higher than the prior-year quarter's $0.97 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 38.2%, 110 basis points worse than the prior-year quarter. Operating margin was 16.0%, 120 basis points worse than the prior-year quarter. Net margin was 9.7%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.02 billion. The average EPS estimate is $5.91.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Middleby is outperform, with an average price target of $118.00.
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