iRobot (NASDAQ:IRBT) Issues Q4 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -1.500–1.200 for the period, compared to the consensus EPS estimate of -0.080. The company issued revenue guidance of $175.0 million-$200.0 million. iRobot also updated its FY 2024 guidance to -4.910–4.600 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday.

iRobot Price Performance

NASDAQ IRBT traded up $0.05 during mid-day trading on Friday, hitting $6.97. The stock had a trading volume of 2,432,894 shares, compared to its average volume of 1,817,597. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14. 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 company has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $8.89. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data 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 net margin of 25.29% and a negative return on equity of 128.49%. The business’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.73) earnings per share. Equities analysts forecast that iRobot will post -4.43 EPS for the current fiscal 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.