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

The Middleby Corporation (NASDAQ:MIDD) – Research analysts at Zacks Research cut their Q3 2026 EPS estimates for shares of Middleby in a research report issued to clients and investors on Monday, October 5th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $1.73 for the quarter, down from their prior forecast of $1.74. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Middleby’s Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $6.82 EPS, Q3 2027 earnings at $1.94 EPS, FY2027 earnings at $7.43 EPS, Q1 2028 earnings at $1.89 EPS and Q3 2028 earnings at $2.04 EPS.

Middleby (NASDAQ:MIDD) last released its 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. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. During the same period in the prior year, the firm earned $2.35 EPS. The firm’s revenue was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS.

A number of other brokerages have also commented on MIDD. JPMorgan Chase & Co. upgraded Middleby from a “neutral” rating to an “overweight” rating and upped their target price for the company from $141.00 to $147.00 in a research report on Tuesday, September 15th. Barclays restated an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Weiss Ratings cut shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Finally, KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Middleby presently has a consensus rating of “Hold” and a consensus target price of $159.50.

Middleby Stock Up 0.8%

Shares of MIDD stock opened at $105.92 on Tuesday. Middleby has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The firm has a market capitalization of $4.79 billion, a PE ratio of -11.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The stock’s 50-day simple moving average is $115.27 and its 200-day simple moving average is $136.18.

Hedge Funds Weigh In On Middleby

A number of large investors have recently added to or reduced their stakes in MIDD. The Manufacturers Life Insurance Company raised its position in shares of Middleby by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company’s stock valued at $9,006,000 after buying an additional 8,524 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Middleby during the 4th quarter valued at about $2,464,000. Sei Investments Co. raised its holdings in Middleby by 6.5% in the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after acquiring an additional 49,228 shares during the last quarter. Legal & General Group Plc purchased a new position in Middleby in the 2nd quarter worth approximately $9,588,000. Finally, Medina Value Partners LLC purchased a new stake in shares of Middleby in the second quarter valued at approximately $24,077,272. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: JPMorgan raised its price target for Middleby to $147, suggesting analysts see substantial potential upside from recent trading levels and a more favorable valuation outlook. JPMorgan raises target for Middleby stock to USD 147
• Neutral Sentiment: A separate financial comparison of Fortive and Middleby was published, but the available information does not identify a specific change to Middleby’s earnings outlook, valuation, or operations. Fortive and Middleby Financial Comparison
• Negative Sentiment: Zacks Research made small cuts to Middleby’s EPS forecasts across multiple periods: Q3 2026 to $1.73, Q4 2026 to $1.80, FY2026 to $6.82, Q3 2027 to $1.94, FY2027 to $7.43, Q1 2028 to $1.89, and Q3 2028 to $2.04. Although the reductions were only $0.01–$0.02 per share, they indicate modestly weaker expected earnings momentum.
• Negative Sentiment: Zacks Research maintained a “Strong Sell” rating on MIDD. Its FY2026 forecast of $6.82 is below the broader consensus estimate of $6.85, reinforcing concerns about near-term profitability and the company’s ability to meet expectations. What is Zacks Research’s Forecast for Middleby Q3 Earnings?

Middleby Company Profile

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company’s residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.