Middleby (MIDD) Q4 Earnings and Revenues Top Estimates

Core Insights - Middleby (MIDD) reported quarterly earnings of $2.88 per share, exceeding the Zacks Consensus Estimate of $2.50 per share, and showing an increase from $2.65 per share a year ago, resulting in an earnings surprise of 15.20% [1] - The company achieved revenues of $1.01 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.87%, with revenues remaining unchanged compared to the previous year [2] - Middleby shares have increased approximately 24.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.90 on revenues of $933.9 million, while for the current fiscal year, the estimate is $9.61 on revenues of $3.98 billion [7] - The estimate revisions trend for Middleby is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Manufacturing - General Industrial industry, to which Middleby belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Chart Industries (GTLS), is expected to report quarterly earnings of $3.19 per share, reflecting a year-over-year increase of 41.8%, with revenues projected at $1.17 billion, up 15.5% from the previous year [9][10]