iRobot (NASDAQ:IRBT) Issues Q4 Earnings Guidance

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

Analysts Set New Price Targets

IRBT has been the subject of several recent research reports. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a report on Thursday.

iRobot Stock Performance

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 firm has a market capitalization of $210.71 million, a price-to-earnings ratio of -1.44 and a beta of 0.86. The company has a fifty day moving average price of $7.88 and a 200 day moving average price of $8.89. 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 has a twelve month low of $5.83 and a twelve month high of $42.14.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results 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 firm had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. During the same period last year, the firm posted ($1.73) EPS. The business’s revenue was down 29.7% compared to the same quarter last year. On average, analysts expect 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.