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

iRobot

06/08/2024 23:01

* iRobot Corp  IRBT.OQ  reported a quarterly adjusted loss
of
$1.96​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of
$-1.42.  The mean expectation of two analysts for the quarter
was for a loss of $1.77 per share. Wall Street expected
results to range from $-1.78 to $-1.77 per share.
    * Revenue fell 29.7% to $166.36 million from a year ago;
analysts
expected $168.98 million. 
    * iRobot Corp's reported EPS for the quarter was a loss of
$2.41​.
    * The company reported a quarterly loss of $70.65 million.
    * iRobot Corp shares had risen by 5.6% this quarter and
lost 75.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$12.97 
This summary was machine generated from LSEG data August 6 at
10:01 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
 Jun. 30 2024      -1.77          -1.96          Missed
 Mar. 31 2024      -2.01          -1.53          Beat
 Dec. 31 2023      -2.11          -1.82          Beat
 Sep. 30 2023      -1.67          -2.82          Missed