iRobot Corp expected to post a loss of $2.01 a share - Earnings Preview

iRobot

04/05/2024 03:29

* iRobot Corp  IRBT.OQ   IRBT.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Bedford Massachusetts-based  company is expected to
report a
9.6% decrease in revenue to $144.976 million from $160.29
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on March 11
2024, for the period ended March 31, was for revenue between
137.00 million and 142.00 million.
    * ​LSEG's mean analyst estimate for iRobot Corp is for a
loss of
$2.01 per share. The company's EPS guidance on March 11 2024,
for the period ended March 31, was between -2.13 and -2.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months. ​
    * Wall Street's median 12-month price target for iRobot Corp
is
$13.00​, above​ its last closing price of $9.43. ​​​

The company's guidance on March 11 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between -47
million and -43 million.The company's guidance on March 11 2024
for the period ended March 31 was for gross profit margin
between 23% and 24%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -2.16       -2.11      -1.82     Beat    13.9
 Sep. 30 2023  -1.72       -1.67      -2.82     Missed  -68.5
 Jan. 1 0001   -1.48       -1.47      -1.42     Beat    3.4​
 Jan. 1 0001   -1.33       -1.32      -1.67     Missed  -26.5
 ​​Dec.        -0.77       0.20       -1.52     Missed  -872.9
 31 2022                                                
 Jan. 1 0001   1.53        1.68       -1.78     Missed  -205.8
                                                        ​
 Jan. 1 0001   -1.55       -1.55      -0.35     Beat    77.5
 Jan. 1 0001   -1.33       -1.35      -0.66     Beat    51
 This summary was machine generated May 4 at 02:28 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)