iRobot Sees Q2 Adj. EPS $(3.13)-$(2.71) Vs $(3.64) Est.; Revenue $815M-$860M Vs $829.809M Est.
Portfolio Pulse from Benzinga Newsdesk
iRobot anticipates its Q2 adjusted EPS to be between $(3.13) and $(2.71), better than the estimated $(3.64). The company also forecasts revenue to be in the range of $815M to $860M, which brackets the estimated $829.809M.
May 07, 2024 | 9:06 pm
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POSITIVE IMPACT
iRobot projects a Q2 adjusted EPS better than analysts' expectations and anticipates revenues that encompass the analysts' forecast.
iRobot's projection of a narrower loss per share than expected and its revenue forecast that closely matches analyst estimates suggest a positive outlook for the company. This could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100