iRobot (NASDAQ:IRBT) Issues FY 2024 Earnings Guidance

iRobot (NASDAQ:IRBT - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -4.910--4.600 for the period, compared to the consensus EPS estimate of -3.590. The company issued revenue guidance of $685.0 million-$710.0 million. iRobot also updated its FY24 guidance to ($4.91)-($4.60) EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IRBT shares. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research note on Thursday, August 8th. StockNews.com lowered iRobot from a "hold" rating to a "sell" rating in a research note on Sunday, October 27th.

iRobot Trading Down 35.2 %

Shares of IRBT traded down $3.66 during trading hours on Wednesday, hitting $6.75. 5,924,317 shares of the stock traded hands, compared to its average volume of 1,810,689. The business has a fifty day moving average of $7.90 and a 200-day moving average of $8.92. 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 market capitalization of $204.05 million, a PE ratio of -1.17 and a beta of 0.86. iRobot has a 1-year low of $5.83 and a 1-year high of $42.14.

iRobot (NASDAQ:IRBT - Get Free Report) last posted its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) 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 quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.73) earnings per share. Analysts expect that iRobot will post -4.43 EPS for the current 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.