iRobot (NASDAQ:IRBT) Issues Q4 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($1.50)-($1.20) for the period, compared to the consensus estimate of ($0.08). The company issued revenue guidance of $175-200 million, compared to the consensus revenue estimate of $239.52 million. iRobot also updated its FY 2024 guidance to -4.910–4.600 EPS.

iRobot Stock Down 15.5 %

IRBT stock opened at $8.80 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $8.92. The company has a market capitalization of $266.02 million, a P/E ratio of -1.44 and a beta of 0.86. iRobot has a twelve month low of $5.83 and a twelve month high of $42.14.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data 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 128.49% and a negative net margin of 25.29%. iRobot’s revenue was down 29.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.73) earnings per share. On average, equities research analysts predict that iRobot will post -4.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IRBT has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

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.