iRobot (NASDAQ:IRBT – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.11)-($0.01) for the period, compared to the consensus EPS estimate of ($0.28). The company issued revenue guidance of $217-$223 million, compared to the consensus revenue estimate of $207.25 million. iRobot also updated its FY24 guidance to ($3.77)-($3.31) EPS.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC upgraded iRobot to a hold rating in a report on Thursday, May 9th.
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iRobot Stock Down 2.0 %
iRobot (NASDAQ:IRBT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported ($1.75) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.39) by $0.64. iRobot had a negative net margin of 24.42% and a negative return on equity of 99.56%. The company had revenue of $150.01 million during the quarter, compared to the consensus estimate of $139.45 million. On average, sell-side analysts anticipate that iRobot will post -4.31 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.
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