Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

iRobot: Q1 Earnings Insights

iRobot (NASDAQ:IRBT) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

iRobot beat estimated earnings by 51.11%, reporting an EPS of $-0.66 versus an estimate of $-1.35.

Revenue was down $11.29 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.14 which was followed by a 14.26% drop in the share price the next day.

Here's a look at iRobot's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.91 0.70 0.32
EPS Actual -1.05 1.67 0.27 0.41
Revenue Estimate 463.77M 417.04M 352.76M 264.05M
Revenue Actual 455.45M 440.68M 365.60M 303.26M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

iRobot management provided guidance for FY 2022, expecting earnings between $1.5 and $2.1 per share.

To track all earnings releases for iRobot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.