iRobot (NASDAQ:IRBT) Updates Q4 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($1.50)-($1.20) for the period, compared to the consensus earnings per share estimate of ($0.08). The company issued revenue guidance of $175-200 million, compared to the consensus revenue estimate of $239.52 million. iRobot also updated its FY 2024 guidance to -4.910–4.600 EPS.

Analyst Upgrades and Downgrades

IRBT has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th.

iRobot Stock Up 0.8 %

Shares of IRBT stock 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 debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53. The stock has a market capitalization of $210.71 million, a price-to-earnings ratio of -1.44 and a beta of 0.86. iRobot has a one year low of $5.83 and a one year high of $42.14. The business’s 50-day simple moving average is $7.88 and its two-hundred day simple 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) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 128.49% and a negative net margin of 25.29%. The business’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.73) EPS. Sell-side analysts predict that iRobot will post -4.43 EPS for the current fiscal year.

iRobot Company Profile

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.