iRobot (NASDAQ:IRBT) Issues Q4 2024 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -1.500–1.200 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IRBT shares. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday.

iRobot Stock Up 0.8 %

Shares of NASDAQ:IRBT traded up $0.05 during midday trading on Friday, hitting $6.97. The stock had a trading volume of 2,432,894 shares, compared to its average volume of 1,817,597. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16. The business’s 50-day simple moving average is $7.88 and its 200-day simple moving average is $8.89. iRobot has a 12 month low of $5.83 and a 12 month high of $42.14. The company has a market cap of $210.71 million, a P/E ratio of -1.44 and a beta of 0.86.

iRobot (NASDAQ:IRBT) last released 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). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The firm had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. During the same quarter in the prior year, the firm earned ($1.73) earnings per share. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. On average, sell-side analysts forecast that iRobot will post -4.43 earnings per share for the current fiscal year.

About iRobot

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.