iRobot (NASDAQ:IRBT) Issues 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.

iRobot Stock Performance

Shares of NASDAQ IRBT traded up $0.05 during midday trading on Friday, reaching $6.97. 2,432,894 shares of the company traded hands, compared to its average volume of 1,817,597. The company has a market cap of $210.71 million, a price-to-earnings ratio of -1.44 and a beta of 0.86. The stock has a 50-day moving average price of $7.88 and a 200 day moving average price of $8.89. iRobot has a 52 week low of $5.83 and a 52 week high of $42.14. 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 released its quarterly earnings results 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 company had revenue of $166.40 million for the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.73) earnings per share. Sell-side analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on IRBT shares. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC reissued 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.