iRobot (NASDAQ:IRBT) Updates 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 guidance of -1.500–1.200 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on IRBT. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th.

iRobot Trading Down 18.7 %

Shares of NASDAQ IRBT traded down $1.95 during mid-day trading on Wednesday, reaching $8.46. 138,835 shares of the company’s stock were exchanged, compared to its average volume of 1,783,863. The company’s 50-day moving average is $7.90 and its 200-day moving average is $8.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53. The firm has a market capitalization of $255.75 million, a price-to-earnings ratio of -1.17 and a beta of 0.86. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. During the same quarter last year, the company earned ($1.73) earnings per share. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. Analysts expect that iRobot will post -4.43 EPS for the current fiscal year.

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.