What is Zacks Research’s Forecast for Middleby Q2 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research reduced their Q2 2026 earnings estimates for Middleby in a research report issued to clients and investors on Wednesday, January 21st. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $2.32 for the quarter, down from their prior estimate of $2.39. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s Q3 2026 earnings at $2.22 EPS, Q4 2026 earnings at $2.80 EPS, FY2026 earnings at $9.21 EPS, Q1 2027 earnings at $1.87 EPS, Q2 2027 earnings at $2.42 EPS, Q3 2027 earnings at $2.39 EPS, Q4 2027 earnings at $2.56 EPS and FY2027 earnings at $9.24 EPS.

MIDD has been the subject of several other research reports. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. KeyCorp reaffirmed an “overweight” rating on shares of Middleby in a research report on Friday, December 5th. Canaccord Genuity Group increased their target price on shares of Middleby from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 5th. JPMorgan Chase & Co. raised their target price on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Barclays set a $168.00 price target on shares of Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby currently has an average rating of “Moderate Buy” and a consensus price target of $163.83.

Middleby Trading Down 0.4%

NASDAQ:MIDD opened at $149.72 on Thursday. Middleby has a one year low of $110.82 and a one year high of $182.73. The business has a fifty day moving average price of $138.93 and a 200-day moving average price of $136.67. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of -34.03 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.34. The business had revenue of $982.13 million for the quarter, compared to the consensus estimate of $961.21 million. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Middleby by 90.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after buying an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Middleby by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after acquiring an additional 9,936 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Middleby by 344.7% during the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 1,727 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Middleby by 16.3% during the 2nd quarter. UMB Bank n.a. now owns 742 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Middleby by 13.0% in the second quarter. GAMMA Investing LLC now owns 1,018 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Insider Buying and Selling at Middleby

In related news, Director Robert A. Nerbonne bought 780 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $128.52 per share, with a total value of $100,245.60. Following the completion of the purchase, the director owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. The trade was a 3.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.18% of the company’s stock.

Middleby News Summary

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks Research kept a “Strong-Buy” rating on Middleby (MIDD), signaling that the firm still expects upside over the longer term despite the cuts. MarketBeat MIDD
• Neutral Sentiment: The revisions are generally small in magnitude (examples: Q2 2026 cut to $2.32 from $2.39; Q3 2026 to $2.22 from $2.24; Q4 2026 to $2.80 from $2.82; FY2026 to $9.21 from $9.31; FY2027 to $9.24 from $9.35), suggesting model updates rather than a large structural change. Consensus full‑year estimates remain near ~$9.11, so headline earnings expectations haven’t materially diverged. MarketBeat MIDD
• Negative Sentiment: Zacks trimmed EPS across many quarters (Q1–Q4 2026/2027 and FY2026/FY2027), which increases near‑term earnings risk and likely pressured the stock today as investors mark down short‑term expectations. For traders, the revisions plus a higher intraday volume point to renewed near‑term caution; watch upcoming quarterly results and management commentary for confirmation. MarketBeat MIDD

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.