iRobot (NASDAQ:IRBT - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($4.91)-($4.60) for the period, compared to the consensus earnings per share estimate of ($3.60). The company issued revenue guidance of $685-710 million, compared to the consensus revenue estimate of $774.31 million. iRobot also updated its FY 2024 guidance to -4.910--4.600 EPS.
iRobot Trading Down 35.2 %
NASDAQ:IRBT traded down $3.66 on Wednesday, reaching $6.75. The company's stock had a trading volume of 5,924,317 shares, compared to its average volume of 1,810,689. iRobot has a 1-year low of $5.83 and a 1-year high of $42.14. The business's 50-day moving average price is $7.90 and its two-hundred day moving average price is $8.92. The firm has a market cap of $204.05 million, a PE ratio of -1.17 and a beta of 0.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53.
iRobot (NASDAQ:IRBT - Get Free Report) last released 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). iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. During the same quarter last year, the company earned ($1.73) EPS. The firm's quarterly revenue was down 29.7% compared to the same quarter last year. Equities research analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
IRBT has been the subject of a number of research analyst reports. StockNews.com cut 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 research note on Thursday, August 8th.
View Our Latest Report on iRobot
About iRobot
(
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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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