iRobot (NASDAQ:IRBT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($3.77)-($3.31) for the period, compared to the consensus estimate of ($3.00). The company issued revenue guidance of $765-$800 million, compared to the consensus revenue estimate of $838.92 million. iRobot also updated its FY 2024 guidance to -3.770–3.310 EPS.
Analysts Set New Price Targets
A number of research firms have recently weighed in on IRBT. StockNews.com lowered iRobot from a hold rating to a sell rating in a research report on Thursday. Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a research report on Thursday.
View Our Latest Analysis on IRBT
iRobot Stock Performance
iRobot (NASDAQ:IRBT – Get Free Report) last issued its quarterly 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). The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative return on equity of 99.56% and a negative net margin of 24.42%. iRobot’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.73) earnings per share. As a group, research analysts forecast 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.
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