iRobot Corporation (NASDAQ:IRBT) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, IRBT to report 3Q20 income of $ 0.97 per share.
For the full year, analysts anticipate top line of $ 1229.83 million, while looking forward to income of $ 2.53 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,320.00 million ~ $ 1,350.00 million, where as bottomline are predicted in a range of $ 1.70 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of iRobot Corporation
Previous Quarter Performance
iRobot Corporation revealed income for the second quarter of $ 1.06 per share, from the revenue of $ 279.88 million. The quarterly earnings 324.00 percent while revenues improved 7.58 percent compared with the same quarter last year.
According to street consensus, IRBT was expected to report 2Q20 income of $ 0.29 per share from revenue of $ 265.07 million. The bottom line results beat street analysts by $ 0.77 or 265.52 percent, at the same time, top line results outshined analysts by $ 14.81 million or 5.59 percent.
Stock Performance
Shares of iRobot Corporation traded up $ 2.10 or 2.35 percent on Monday, reaching $ 91.38 with volume of 841.20 thousand shares. iRobot Corporation has traded high as $ 94.81 and has cracked $ 89.97 on the downward trend
According to the previous trading day, closing price of $ 91.38, representing a 172.28 % increase from the 52 week low of $ 32.79 and a 5.84 % decrease over the 52 week high of $ 94.82.
The company has a market capital of $ 2.56 billion and is part of the Technology sector and Consumer Electronics industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Bank of America at Underperform rating, with $ 70.00 target price.
Conference Call
iRobot Corporation will be hosting a conference call at 8:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.irobot.com
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs. The company sells its robots through various distribution channels, including chain stores and other national retailers, as well as through online store, and value-added distributors and resellers.
