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Middleby Third Quarter 2024 Earnings: Misses Expectations

From Yahoo! Finance

Middleby Third Quarter 2024 Earnings: Misses Expectations

Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Middleby could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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