Middleby (MIDD) Soars 14.7%: Is Further Upside Left in the Stock?

Company Overview - The Middleby Corporation (MIDD) shares increased by 14.7% to close at $143.55, following a period of 19.4% loss over the past four weeks, indicating a significant rebound in stock performance [1] - The rally is attributed to strong momentum in the Food Processing Equipment Group segment, supported by a robust backlog and strong incoming order growth [2] Financial Performance - Middleby is expected to report quarterly earnings of$ 1.94 per share, reflecting a year-over-year increase of 2.7%, with revenues projected at $943.61 million, up 1.8% from the previous year [3] - The consensus EPS estimate has been revised 0.8% higher in the last 30 days, suggesting a positive trend that may lead to price appreciation [4] Industry Context - Middleby operates within the Zacks Manufacturing - General Industrial industry, where another company, Xometry (XMTR), also experienced a significant stock increase of 14.1% [4] - Xometry's EPS estimate for the upcoming report remains unchanged at$ 0, representing a 100% increase compared to the previous year's EPS [5]