Middleby (Nasdaq: MIDD) is expected to report Q1 earnings around May 6. 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 increase 34.6% and EPS will grow 7.5%.

The average estimate for revenue is $308.1 million. On the bottom line, the average EPS estimate is $1.29.

Revenue details
Last quarter, Middleby notched revenue of $291.6 million. GAAP reported sales were 20% higher than the prior-year quarter's $243.8 million.

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

EPS details
Last quarter, non-GAAP EPS came in at $2.03. GAAP EPS of $2.04 for Q4 were 9.7% higher than the prior-year quarter's $1.86 per share.

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

Recent performance
For the preceding quarter, gross margin was 38.8%, 210 basis points worse than the prior-year quarter. Operating margin was 19.7%, 130 basis points better than the prior-year quarter. Net margin was 13.0%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.36 billion. The average EPS estimate is $7.30.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Middleby is hold, with an average price target of $134.20.

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