iRobot Corp reports results for the quarter ended in December - Earnings Summary

iRobot

26/02/2024 22:44

* iRobot Corp  IRBT.OQ  reported a quarterly adjusted loss
of
$2.28​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$-1.52.  The mean expectation of two analysts for the quarter
was for a loss of $2.11 per share. Wall Street expected
results to range from $-2.71 to $-1.52 per share.
    * Revenue fell 14.1% to $307.54 million from a year ago;
analysts
expected $307.99 million. 
    * The company reported a quarterly loss of $63.59 million.
    * iRobot Corp shares had fallen by 69.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for iRobot Corp is
$23.97 
This summary was machine generated from LSEG data February 26 at
10:43 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -2.11          -2.28          Missed
 Sep. 30 2023      -1.67          -2.82          Missed
 Jun. 30 2023      -1.47          -1.42          Beat
 Mar. 31 2023      -1.32          -1.67          Missed