iRobot (NASDAQ:IRBT) Updates FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of -4.910–4.600 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IRBT shares. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday.

iRobot Price Performance

IRBT stock opened at $6.97 on Friday. The firm has a 50 day moving average of $7.87 and a 200-day moving average of $8.89. The company has a current ratio of 1.45, a quick ratio of 1.08 and a debt-to-equity ratio of 1.24. iRobot has a 12 month low of $5.83 and a 12 month high of $42.14. The firm has a market capitalization of $210.70 million, a P/E ratio of -1.52 and a beta of 0.86.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. iRobot’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned ($3.09) earnings per share. As a group, sell-side analysts predict that iRobot will post -4.43 earnings per share for the current fiscal year.

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.