iRobot (NASDAQ:IRBT) Releases FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -4.910–4.600 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IRBT. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Trading Up 0.8 %

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

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. During the same quarter in the prior year, the firm posted ($1.73) earnings per share. iRobot’s revenue for the quarter was down 29.7% compared to the same quarter last year. As a group, sell-side analysts expect that iRobot will post -4.43 earnings per share 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.