iRobot (NASDAQ:IRBT) Issues FY 2024 Earnings Guidance

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

Several analysts have recently commented on IRBT shares. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday.

iRobot Stock Up 0.8 %

Shares of iRobot stock traded up $0.05 during trading hours on Friday, reaching $6.97. The company’s stock had a trading volume of 2,432,894 shares, compared to its average volume of 1,817,597. 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 stock’s fifty day simple moving average is $7.88 and its two-hundred day simple moving average is $8.89. The company has a market capitalization of $210.71 million, a P/E ratio of -1.44 and a beta of 0.86. iRobot has a one year low of $5.83 and a one year high of $42.14.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $168.73 million. During the same quarter last year, the firm posted ($1.73) EPS. iRobot’s revenue for the quarter was down 29.7% on a year-over-year basis. On average, research analysts forecast 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.