iRobot Sees Q2 Adj. EPS $(1.81)-$(1.74) Vs $(1.38) Est.; Revenue $1.67M-$1.72M Vs $1.67.006M Est.
Portfolio Pulse from Benzinga Newsdesk
iRobot anticipates its Q2 adjusted EPS to be between $(1.81) and $(1.74), underperforming the estimated $(1.38). Revenue projections range from $1.67M to $1.72M, slightly above the $1.67 billion estimate.
May 07, 2024 | 9:08 pm
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NEGATIVE IMPACT
iRobot's Q2 earnings projection falls short of expectations with an adjusted EPS significantly below estimates and a marginal revenue beat.
The projected adjusted EPS for iRobot is significantly below the analyst estimates, indicating potential operational challenges or increased costs that could negatively impact investor sentiment and stock price in the short term. The slight revenue beat might not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100