iRobot (NASDAQ:IRBT – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of ($4.91)-($4.60) for the period, compared to the consensus EPS estimate of ($3.60). The company issued revenue guidance of $685-710 million, compared to the consensus revenue estimate of $774.31 million. iRobot also updated its FY 2024 guidance to -4.910–4.600 EPS.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on IRBT shares. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Thursday, August 8th.
Read Our Latest Research Report on IRBT
iRobot Stock Performance
iRobot (NASDAQ:IRBT – Get Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. iRobot’s revenue was down 29.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.73) earnings per share. On average, equities analysts expect that iRobot will post -4.43 earnings per share for the current 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.
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