iRobot (NASDAQ:IRBT) Issues FY24 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY24 earnings guidance on Tuesday. 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

IRBT has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a research note on Thursday. StockNews.com lowered shares of iRobot from a hold rating to a sell rating in a report on Thursday.

iRobot Price Performance

IRBT traded down $0.36 during midday trading on Friday, hitting $7.77. The company had a trading volume of 430,777 shares, compared to its average volume of 2,147,427. The firm’s 50-day simple moving average is $9.82 and its 200-day simple moving average is $10.32. The company has a market capitalization of $223.44 million, a PE ratio of -1.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.79. iRobot has a twelve month low of $6.48 and a twelve month high of $42.14.

iRobot (NASDAQ:IRBT) last announced 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 net margin of 24.42% and a negative return on equity of 99.56%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. During the same period last year, the company earned ($1.73) earnings per share. The business’s revenue was down 29.7% compared to the same quarter last year. Equities research analysts predict that iRobot will post -4.31 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.