iRobot (NASDAQ:IRBT) Releases Q4 Earnings Guidance

iRobot (NASDAQ:IRBT - Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($1.50)-($1.20) for the period, compared to the consensus EPS 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 35.2 %

Shares of IRBT traded down $3.66 during midday trading on Wednesday, reaching $6.75. 5,924,317 shares of the company were exchanged, compared to its average volume of 1,810,689. The stock has a 50-day moving average price of $7.90 and a 200-day moving average price of $8.92. The company has a market cap of $204.05 million, a price-to-earnings 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. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

iRobot (NASDAQ:IRBT - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The business had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. During the same quarter last year, the firm posted ($1.73) EPS. The company's revenue was down 29.7% compared to the same quarter last year. Research analysts expect that iRobot will post -4.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

IRBT has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of iRobot in a research note on Thursday, August 8th. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a research note 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.