iRobot (NASDAQ:IRBT) Updates 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.

iRobot Trading Down 19.9 %

NASDAQ IRBT traded down $2.07 during mid-day trading on Wednesday, reaching $8.34. 180,449 shares of the stock were exchanged, compared to its average volume of 1,784,056. iRobot has a 1-year low of $5.83 and a 1-year high of $42.14. The business’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $8.92. 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 $252.12 million, a PE ratio of -1.17 and a beta of 0.86.

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 analysts’ consensus estimates of ($1.77) by ($0.19). The firm 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%. iRobot’s revenue was down 29.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.73) EPS. On average, research analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IRBT. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th.

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.