Despite Delivering Investors Losses of 29% Over the Past 3 Years, Middleby (NASDAQ:MIDD) Has Been Growing Its Earnings
Despite Delivering Investors Losses of 29% Over the Past 3 Years, Middleby (NASDAQ:MIDD) Has Been Growing Its Earnings
For many investors, the main point of stock picking is to generate higher returns than the overall market. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term The Middleby Corporation (NASDAQ:MIDD) shareholders, since the share price is down 29% in the last three years, falling well short of the market return of around 26%. Shareholders have had an even rougher run lately, with the share price down 11% in the last 90 days.
对于许多投资者来说,股票选择的主要目的是创造比整体市场更高的回报。但是,股票选择的风险在于您可能会购买表现不佳的公司。不幸的是,长期纳斯达克公司(MIDD)的股东情况就是如此,因为股价在过去三年中下跌了29%,远低于市场回报率的约26%。股东们最近的运行情况更糟,股价在过去90天中下跌了11%。
The recent uptick of 6.0% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近的6.0%上涨可能是未来走势的积极信号,让我们来看看历史基本面。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
尽管市场是一个强大的价格机制,但股票价格反映的不仅是潜在业务绩效,还反映了投资者的情绪。 了解市场情绪随时间的变化的一种方法是查看公司的股价与每股收益(EPS)之间的互动。
Although the share price is down over three years, Middleby actually managed to grow EPS by 21% per year in that time. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed.
尽管股价在三年内下跌了,但Middleby实际上成功地在那段时间内每年增长了21%的每股收益。这是非常让人困惑的,表明股价可能有一些暂时的支撑,或者该公司曾经被夸大其词,因此其增长表现令人失望。
Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
由于EPS的变化似乎与股价的变化不相关,因此值得查看其他指标。
Revenue is actually up 13% over the three years, so the share price drop doesn't seem to hinge on revenue, either. It's probably worth investigating Middleby further; while we may be missing something on this analysis, there might also be an opportunity.
营业收入实际上在过去三年内增长了13%,因此股价下跌似乎并不取决于收入。进一步调查Middleby可能是值得的;虽然我们可能在这项分析中漏掉了一些东西,但也可能有机会。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以看到以下收益和营收的变化情况(通过单击图像了解精确值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240716/0-042440692dd89ff35dc860709fe040b6-0-9b3af90e75f62d008053176791699e7f.png/big)
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts
我们喜欢内部人在过去12个月内购买股票。话虽如此,大多数人认为收益和营收增长趋势是业务的更有意义的指导。因此,我们建议查看此免费报告以显示共识预测。
A Different Perspective
不同的观点
Investors in Middleby had a tough year, with a total loss of 10%, against a market gain of about 24%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 1.4% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Middleby you should be aware of.
Middleby的投资者经历了艰难的一年,总亏损达10%,而市场则获得了约24%的收益。即使好股票的股价有时会下跌,但我们希望在感兴趣之前看到企业基本指标的改善。不幸的是,去年的表现可能表明存在未解决的挑战,因为它比过去五年的年化亏损1.4%还要糟糕。一般来说,长期的股价疲软可能是一个不好的信号,尽管持不同意见的投资者可能希望研究这只股票,希望实现逆转。我认为从长期股价作为业务表现的代理人来看,这非常有趣。但是,为了真正获得洞察力,我们还需要考虑其他信息。例如:我们已经发现中间的1个警告标志您应该注意。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).
如果您喜欢与管理层共同购买股票,那么您可能会喜欢这个免费的公司列表(提示:大多数公司没有受到关注)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。