Middleby (MIDD) Reports Q4 Earnings: What Key Metrics Have to Say

For the quarter ended December 2024, Middleby (MIDD) reported revenue of $1.01 billion, up 0.5% over the same period last year. EPS came in at $2.88, compared to $2.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $995.24 million, representing a surprise of +1.87%. The company delivered an EPS surprise of +15.20%, with the consensus EPS estimate being $2.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Middleby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Commercial Foodservice: $609.45 million versus the four-analyst average estimate of $599.71 million. The reported number represents a year-over-year change of -2.9%. Revenue- Residential Kitchen: $185.04 million versus the four-analyst average estimate of $186.56 million. The reported number represents a year-over-year change of -2.1%. Revenue- Food Processing: $219.39 million compared to the $208.71 million average estimate based on four analysts. The reported number represents a change of +14.5% year over year. Income (loss) from operations- Commercial Foodservice: $145.31 million compared to the $155.48 million average estimate based on four analysts. Income (loss) from operations- Residential Kitchen: -$12.65 million versus the four-analyst average estimate of $7.11 million. Income (loss) from operations- Food Processing: $58.07 million versus $50.56 million estimated by four analysts on average. View all Key Company Metrics for Middleby here>>>Shares of Middleby have returned -2.1% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Middleby Corporation (MIDD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks