What is Zacks Research’s Estimate for Middleby Q3 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Stock analysts at Zacks Research issued their Q3 2026 earnings per share (EPS) estimates for Middleby in a research report issued on Tuesday, September 1st. Zacks Research analyst Team forecasts that the industrial products company will earn $1.74 per share for the quarter. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.85 per share. Zacks Research also issued estimates for Middleby’s Q4 2026 earnings at $1.81 EPS, FY2026 earnings at $6.84 EPS, Q1 2027 earnings at $1.71 EPS, Q2 2027 earnings at $1.84 EPS, Q3 2027 earnings at $1.96 EPS, Q4 2027 earnings at $1.93 EPS, FY2027 earnings at $7.44 EPS, Q1 2028 earnings at $1.90 EPS, Q2 2028 earnings at $1.99 EPS and FY2028 earnings at $7.99 EPS.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group dropped their price target on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Barclays reiterated an “overweight” rating and set a $145.00 price target (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $160.75.

Middleby Price Performance

MIDD stock opened at $112.44 on Thursday. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -12.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The company has a 50 day simple moving average of $133.83 and a 200 day simple moving average of $144.24. Middleby has a 1 year low of $109.68 and a 1 year high of $180.13.

Institutional Trading of Middleby

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its position in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Middleby during the second quarter valued at about $27,000. Danske Bank A S bought a new stake in Middleby in the 3rd quarter worth about $27,000. Larson Financial Group LLC increased its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after buying an additional 181 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Middleby by 553.8% in the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 144 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

Trending Headlines about Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks projects Middleby’s earnings will improve from approximately $6.84 per share in FY2026 to $7.44 in FY2027 and $7.99 in FY2028, suggesting potential longer-term earnings growth. Middleby analyst estimates
• Neutral Sentiment: The new FY2026 estimate of $6.84 EPS is essentially in line with the broader consensus of $6.85, while projected quarterly EPS ranges from $1.74 in Q3 2026 to $1.81 in Q4 2026. This indicates limited near-term estimate change. Middleby earnings estimates
• Negative Sentiment: Zacks’ Strong Sell stance is the clearest bearish signal and may weigh on investor sentiment, particularly as Middleby’s shares remain well below their 50-day and 200-day moving averages and close to the 52-week low. Zacks rating and Middleby stock data
• Negative Sentiment: The cautious rating comes despite Middleby’s latest quarterly earnings and revenue exceeding analyst expectations, because revenue was still down 10.5% year over year and the company reported a negative net margin. These operating concerns may be keeping investors focused on near-term weakness rather than longer-term EPS growth.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.