iRobot (NASDAQ:IRBT - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -1.500--1.200 for the period, compared to the consensus earnings per share estimate of -0.080. The company issued revenue guidance of $175.0 million-$200.0 million. iRobot also updated its FY 2024 guidance to -4.910--4.600 EPS.
iRobot Trading Down 35.2 %
Shares of IRBT traded down $3.66 during midday trading on Wednesday, hitting $6.75. 5,924,317 shares of the stock were exchanged, compared to its average volume of 1,810,689. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53. The stock has a fifty day simple moving average of $7.90 and a 200 day simple moving average of $8.92. The firm has a market cap of $204.05 million, a P/E ratio of -1.17 and a beta of 0.86.
iRobot (NASDAQ:IRBT - Get Free Report) last released its 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 firm had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business's revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.73) earnings per share. On average, research analysts anticipate that iRobot will post -4.43 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on IRBT shares. Needham & Company LLC reiterated a "hold" rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a research note on Sunday, October 27th.
Check Out Our Latest Research Report on IRBT
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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