iRobot Sees FY24 Adj. EPS $(3.73)-$(3.30) Vs $(2.49) Est.; Revenue $825M-$865M Vs $865.023M Est.
Portfolio Pulse from Benzinga Newsdesk
iRobot projects its FY24 adjusted EPS to be between $(3.73) and $(3.30), which is below the estimated $(2.49). The company also forecasts revenue to be in the range of $825M to $865M, slightly below the estimated $865.023M.
February 26, 2024 | 9:42 pm
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NEGATIVE IMPACT
iRobot's FY24 earnings and revenue projections are below analysts' estimates, indicating potential challenges ahead.
iRobot's projection of lower-than-expected earnings and revenue for FY24 suggests potential operational or market challenges that could negatively impact its stock price in the short term. This is especially relevant as the figures are below the analysts' estimates, which often leads to negative market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100