iRobot (NASDAQ:IRBT) Releases FY24 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($4.91)-($4.60) for the period, compared to the consensus estimate of ($3.60). The company issued revenue guidance of $685-710 million, compared to the consensus revenue estimate of $774.31 million. iRobot also updated its FY 2024 guidance to -4.910–4.600 EPS.

iRobot Price Performance

NASDAQ:IRBT traded up $0.05 during trading hours on Friday, hitting $6.97. 2,432,894 shares of the company’s stock traded hands, compared to its average volume of 1,817,597. The firm has a market cap of $210.71 million, a P/E ratio of -1.44 and a beta of 0.86. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $7.88 and its two-hundred day simple moving average is $8.89. iRobot has a 52 week low of $5.83 and a 52 week high of $42.14.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $168.73 million. During the same period in the previous year, the firm posted ($1.73) EPS. The firm’s revenue for the quarter was down 29.7% compared to the same quarter last year. On average, research analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com cut 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 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.