iRobot (NASDAQ:IRBT) Issues FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of -4.910–4.600 for the period, compared to the consensus earnings per share estimate of -3.590. The company issued revenue guidance of $685.0 million-$710.0 million. iRobot also updated its FY24 guidance to ($4.91)-($4.60) EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday.

iRobot Price Performance

Shares of IRBT traded up $0.05 during trading hours on Friday, hitting $6.97. 2,432,894 shares of the company were exchanged, compared to its average volume of 1,817,597. The company has a market cap of $210.71 million, a price-to-earnings ratio of -1.44 and a beta of 0.86. iRobot has a fifty-two week low of $5.83 and a fifty-two week high of $42.14. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16. The firm’s fifty day moving average is $7.88 and its 200 day moving average is $8.89.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.77) by ($0.19). The business had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same period last year, the business earned ($1.73) earnings per share. On average, equities analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.