iRobot (NASDAQ:IRBT) Updates Q3 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.11)-($0.01) for the period, compared to the consensus EPS estimate of ($0.28). The company issued revenue guidance of $217-$223 million, compared to the consensus revenue estimate of $207.25 million. iRobot also updated its FY24 guidance to ($3.77)-($3.31) EPS.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC raised shares of iRobot to a hold rating in a report on Thursday, May 9th.

iRobot Stock Down 2.0 %

IRBT traded down $0.19 during midday trading on Tuesday, hitting $9.43. 1,336,586 shares of the company’s stock traded hands, compared to its average volume of 2,163,182. The company has a market cap of $271.03 million, a PE ratio of -1.21 and a beta of 0.89. The stock’s fifty day simple moving average is $9.84 and its 200-day simple moving average is $10.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.15. iRobot has a one year low of $6.48 and a one year high of $42.14.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported ($1.75) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.39) by $0.64. The firm had revenue of $150.01 million for the quarter, compared to the consensus estimate of $139.45 million. iRobot had a negative net margin of 24.42% and a negative return on equity of 99.56%. As a group, equities analysts anticipate that iRobot will post -4.31 earnings per share 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.