iRobot Corp expected to post a loss of $1.77 a share - Earnings Preview

iRobot

03/08/2024 01:06

* iRobot Corp  IRBT.OQ   IRBT.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Bedford Massachusetts-based  company is expected to
report a
28.6% decrease in revenue to $168.982 million from $236.57
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
167.00 million and 172.00 million.
    * ​LSEG's mean analyst estimate for iRobot Corp is for a
loss of
$1.77 per share. The company's EPS guidance on May 7 2024, for
the period ended June 30, was between -1.81 and -1.74 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for iRobot Corp
is
$12.97​, above​ its last closing price of $10.18. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest and Taxes between -43
million and -40 million.The company's guidance on May 7 2024 for
the period ended June 30 was for gross profit margin between 24%
and 25%.
This summary was machine generated August 3 at 00:06 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)