iRobot (IRBT) to Release Quarterly Earnings on Tuesday

iRobot (NASDAQ:IRBT) is set to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect iRobot to post earnings of ($0.05) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). The firm had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. iRobot’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.73) EPS. On average, analysts expect iRobot to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

iRobot Stock Up 9.4 %

IRBT stock opened at $9.55 on Friday. iRobot has a twelve month low of $5.83 and a twelve month high of $42.14. The business has a 50 day simple moving average of $7.81 and a 200-day simple moving average of $8.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IRBT. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, August 8th.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.