iRobot (NASDAQ:IRBT) Updates Q4 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($1.50)-($1.20) for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IRBT. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday, August 8th.

iRobot Price Performance

IRBT opened at $8.80 on Wednesday. iRobot has a 1 year low of $5.83 and a 1 year high of $42.14. 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 company’s 50 day simple moving average is $7.90 and its 200 day simple moving average is $8.92. The stock has a market capitalization of $266.02 million, a PE ratio of -1.44 and a beta of 0.86.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $168.73 million. During the same period in the prior year, the firm earned ($1.73) earnings per share. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. As a group, sell-side analysts expect that iRobot will post -4.43 EPS for the current 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.