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

iRobot

07/05/2024 22:37

* iRobot Corp  IRBT.OQ  reported a quarterly adjusted loss
of
$1.53​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.67.  The mean expectation of three analysts for the quarter
was for a loss of $2.01 per share. Wall Street expected
results to range from $-2.03 to $-1.96 per share.
    * Revenue fell 6.4% to $150.01 million from a year ago;
analysts
expected $144.98 million. 
    * iRobot Corp's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $8.61
million.
    * iRobot Corp shares had risen by 4.2% this quarter and
lost 76.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 68%
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," 4
"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
$13.00 
This summary was machine generated from LSEG data May 7 at 09:37
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
 Mar. 31 2024      -2.01          -1.53          Beat
 Dec. 31 2023      -2.11          -1.82          Beat
 Sep. 30 2023      -1.67          -2.82          Missed
 Jun. 30 2023      -1.47          -1.42          Beat