iRobot (NASDAQ:IRBT) Updates FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of -3.770–3.310 for the period, compared to the consensus EPS estimate of -3.000. The company issued revenue guidance of $765.0 million-$800.0 million, compared to the consensus revenue estimate of $838.9 million. iRobot also updated its FY24 guidance to ($3.77)-($3.31) EPS.

iRobot Trading Down 16.6 %

iRobot stock traded down $1.62 during trading on Thursday, hitting $8.13. The company had a trading volume of 1,993,124 shares, compared to its average volume of 2,158,675. iRobot has a 1-year low of $6.48 and a 1-year high of $42.14. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The company’s 50 day simple moving average is $9.82 and its 200-day simple moving average is $10.32. The stock has a market cap of $233.79 million, a price-to-earnings ratio of -1.05 and a beta of 0.89.

iRobot (NASDAQ:IRBT) last posted its 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). iRobot had a negative net margin of 24.42% and a negative return on equity of 99.56%. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. During the same quarter last year, the business posted ($1.73) EPS. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. As a group, analysts expect that iRobot will post -4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IRBT has been the subject of several research reports. Needham & Company LLC restated a hold rating on shares of iRobot in a research note on Thursday. StockNews.com downgraded shares of iRobot from a hold rating to a sell rating in a research note on Thursday.

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.