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Stock impact report

Middleby (MIDD) Soars 14.7%: Is Further Upside Left in the Stock? [Yahoo! Finance]

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 19.4% loss over the past four weeks. Middleby's rally is largely driven by optimism regarding its strong momentum in the Food Processing Equipment Group segment, arising from a robust backlog level and strong incoming order growth. The company's focus on launching new products and upgrading the existing ones per the industry trend also bodes well. This food preparation equipment company is expected to post quarterly earnings of $1.94 per share in its upcoming report, which represents a year-over-year change of +2.7%. Revenues are expected to be $943.61 million, up 1.8% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Middleby, the cons Show less Read more
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