iRobot (NASDAQ:IRBT) Releases Q4 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -1.500–1.200 for the period, compared to the consensus 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.

iRobot Stock Up 0.8 %

IRBT stock traded up $0.05 during trading on Friday, reaching $6.97. 2,432,894 shares of the company traded hands, compared to its average volume of 1,817,597. iRobot has a 12 month low of $5.83 and a 12 month high of $42.14. The business has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $8.89. The company 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 debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results 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 business had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. iRobot’s revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.73) EPS. On average, equities research analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.