iRobot Corporation (IRBT), a Consumer Electronics organization, was a active mover in the prior trading session. iRobot Corporation (IRBT) stock opened the market for trading at $62.26 and closed the day at $64.65 with positive move of +4.43%. The increase change in iRobot Corporation (IRBT) beat the change in the S&P 500 for the day which gained +1.69% in prior trading day.
iRobot Corporation (IRBT) is focused on the Consumer Electronics sector. This stock market sector has seen some movement from day traders in recent weeks. Bullish day traders of iRobot Corporation (IRBT) will be looking for positive upcoming earnings whereas bearish day traders of iRobot Corporation (IRBT) will be looking for negative earnings. The last time iRobot Corporation (IRBT) had an earnings surprise was on Qtr Ending 03/20 when they reported -$0.64 compared to an estimate of -$0.67 which was a difference of $+0.03 resulting in a change of +4.48%. Current earnings estimates are to be released for Current Qtr 06/2020 on iRobot Corporation (IRBT) and out of 3 Wall Street estimates the average is saying $0.27. The high estimate is saying $0.43 whereas the low estimate is saying $0.08 and the prior year iRobot Corporation (IRBT) announced earnings at $0.25 a growth rate est. (year over year) of +8.00%.
The market performance of iRobot Corporation (IRBT) has varied recently. Year to date iRobot Corporation (IRBT)’s shares are up 27.69%. Over the past 12 weeks iRobot Corporation (IRBT) is up 23.19% and over the last 4 weeks iRobot Corporation (IRBT) is up 34.69%. iRobot Corporation (IRBT) current income statement shows revenue (ttm) of $1.17B. Gross Profit is $555.65M. This puts the current EBITDA of iRobot Corporation (IRBT) at $78.52M.
Wall street day traders might also notice recent changes to stock analyst estimates for iRobot Corporation (IRBT). The stock is trading with an RSI (relative strength index) of 76.01 indicating iRobot Corporation (IRBT) is overbought. Technically, IRBT’s short term support levels are around $1367.66, $1334.96 and $1286.57 on the downside. IRBTs short term resistance levels are $1526.69, $1493.59 and $1432.99 on the upside. The market cap of iRobot Corporation (IRBT) is $1.803B and institutions hold 107.35% of the stock. The outstanding share count stands at 28.30M while the short float (shares short) stands at 49.41%.
Research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, IRBT has short term rating of Very Bullish (0.56), Intermediate rating of Very Bullish (0.50) and the long-term rating of Bullish (0.42) giving it an overall rating of Bullish (0.49).
The EPS growth this year on iRobot Corporation (IRBT) is decreased -5.70% and is expected to increase 1072.32% next year. However, quarterly earnings (EPS) growth year over year on iRobot Corporation (IRBT) has decreased by -181.90% and quarterly revenue (Sales) growth year over year stands at -19.00%. Gross margin is detected at 43.00% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 3.80% while return on equity (ttm) is 7.20%.
2020-04-28 – iRobot Reports First-Quarter 2020 Financial Results.
2020-03-23 – Irobot Corp – Withdrawing Its Financial Expectations For 2020 Provided Last Month On February 5, 2020.
2020-03-18 – Morgan Stanley Reports 6.8% Passive Stake In iRobot.
2020-03-10 – Irobot Corp – Board Has Authorized $200 Million Stock Repurchase Program.
2020-02-05 – iRobot Reports Q4 EPS Of $0.70.
iRobot Corporation is one of the leading manufacturers of robots worldwide. The company is a leader not only in the domestic arena but also excels in the field of commercial usage. Notably, the company was founded in 1990 and is headquartered in Bedford, MA.