iRobot (NASDAQ:IRBT) Releases Q4 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($1.50)-($1.20) for the period, compared to the consensus 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.

iRobot Trading Up 0.8 %

Shares of iRobot stock traded up $0.05 during trading hours on Friday, reaching $6.97. 2,432,894 shares of the company’s stock were exchanged, compared to its average volume of 1,817,597. The firm has a market capitalization of $210.71 million, a price-to-earnings ratio of -1.44 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14. The company has a fifty day moving average of $7.88 and a 200-day moving average of $8.89.

iRobot (NASDAQ:IRBT) last issued its earnings results 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 firm had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The company’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same period last year, the business posted ($1.73) earnings per share. Sell-side analysts forecast that iRobot will post -4.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday.

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.