iRobot (NASDAQ:IRBT) Releases FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -4.910–4.600 for the period, compared to the consensus earnings per share estimate of -3.590. The company issued revenue guidance of $685.0 million-$710.0 million. iRobot also updated its FY24 guidance to ($4.91)-($4.60) EPS.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th.

iRobot Stock Performance

Shares of iRobot stock traded down $2.07 during midday trading on Wednesday, hitting $8.34. The company had a trading volume of 180,449 shares, compared to its average volume of 1,784,056. The stock has a market cap of $252.12 million, a PE ratio of -1.17 and a beta of 0.86. iRobot has a 1-year low of $5.83 and a 1-year high of $42.14. The business’s 50 day simple moving average is $7.90 and its two-hundred day simple moving average is $8.92. 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 (NASDAQ:IRBT) last posted its quarterly earnings results 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). The firm had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The company’s revenue was down 29.7% on a year-over-year basis. During the same period last year, the company earned ($1.73) EPS. As a group, equities analysts predict 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.