) is set to report its first quarter 2014 results on May 7, after
the market closes. The company delivered 17.49% positive earnings
surprise in the preceding quarter. Let's see how things are
shaping up for this announcement.
Factors to Consider This Quarter
Middleby provides cooking, warming, food preparation and
packaging equipment to commercial, industrial processing and
residential markets. The company has been expanding with product
launches in the recent past. With over 50 product launches, the
company is expected to gain a significant market share in the
Additionally, Middleby has been growing inorganically too. In
the fourth quarter 2013, the company acquired Celfrost, Automatic
Bar Controls and Wunder-Bar, which accounted for 20.8% of the
sales growth. In first quarter 2014, the company acquired Market
Forge Industries which is expected to increase the revenues in
the near term.
Our proven model does not conclusively show that Middleby is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as we will see below.
The Most Accurate estimate for Middleby stands at $2.07 flat with
the Zacks Consensus Estimate. Hence, the difference is 0.00%.
Middleby has a Zacks Rank #3 (Hold) which when combined with a
0.00% ESP makes surprise prediction difficult.
We caution against stocks with Zacks Rank #4 and 5 (Sell-rated
stocks) going into the earnings announcement, especially when the
company is seeing a negative estimate revision momentum.
Other Stocks to Consider
Here are other companies having the right combination of
elements to post an earnings beat this quarter and hence, worth a
), Earnings ESP of +8.70% and a Zacks Rank #3.
Manitex International, Inc.
), Earnings ESP of +5.56% and a Zacks Rank #3.
), Earnings ESP of +1.54% and a Zacks Rank #3.
COLFAX CORP (CFX): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis
MIDDLEBY CORP (MIDD): Free Stock Analysis
MANITEX INT INC (MNTX): Free Stock Analysis
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