Middleby (Nasdaq: MIDD) reported earnings on Nov. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 29 (Q3), Middleby met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.

Gross margins dropped, operating margins grew, net margins grew.

Revenue details
 Middleby reported revenue of $257.7 million. The five analysts polled by S&P Capital IQ anticipated sales of $257.4 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $218.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.60. The five earnings estimates compiled by S&P Capital IQ predicted $1.53 per share. GAAP EPS of $1.60 for Q3 were 27% higher than the prior-year quarter's $1.26 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 39.0%, 90 basis points worse than the prior-year quarter. Operating margin was 18.4%, 140 basis points better than the prior-year quarter. Net margin was 11.6%, 90 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $275.7 million. On the bottom line, the average EPS estimate is $1.74.

Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $6.15.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Middleby is outperform, with an average price target of $120.80.