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iRobot (IRBT) Stock Rallies on Big Earnings Beat, Revenues Up 24%
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iRobot (IRBT - Free Report) just released its latest quarterly results, posting earnings of 37 cents per share and revenues of $226.3 million.
Currently, IRBT is a #3 (Hold) on the Zacks Rank, but that could change based on today’s results. Investors should note that our consensus estimate trend has not changed for the current fiscal year in the last 60 days.
Shares of the company have fallen 6.20% over the past month and were down 2.88% during regular trading hours today.
However, the stock is currently surging nearly 18% to $84.34 per share in after-hours trading shortly after its earnings report was released.
Company:
Beat earnings estimates. The company reported earnings of $0.37 per share, topping the Zacks Consensus Estimate of $0.17 per share.
Beat revenue estimates. The company saw revenue figures of $226.3 million, surpassing our consensus estimate of $221.22 million and growing 24% year-over-year.
Operating income in the second quarter of 2018 was $13.4 million, compared with $4.1 million in the second quarter of 2017.
On Amazon’s (AMZN - Free Report) Prime Day, the Roomba robots sold out, with twice its sales volume since the event started in 2015.
The company now anticipates full-year 2018 revenue of $1.06 to $1.08 billion, which is year-over-year growth of 20 – 22%, full-year 2018 operating income of $90 to $96 million, and full-year 2018 EPS of $2.30 to $2.50.
"We are continuing to execute against the strategy underlying our 2018 expectations and three-year financial targets which we believe is the most effective way to drive sustainable growth and shareholder value," said Colin Angle, the chairman and chief executive officer of iRobot.
Here’s a graph that looks at iRobot's recent earnings performance:
iRobot Corporation Price, Consensus and EPS Surprise
iRobot Corporation, the leading global consumer robot company, designs and builds robots that empower people to do more both inside and outside of the home.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
iRobot (IRBT) Stock Rallies on Big Earnings Beat, Revenues Up 24%
iRobot (IRBT - Free Report) just released its latest quarterly results, posting earnings of 37 cents per share and revenues of $226.3 million.
Currently, IRBT is a #3 (Hold) on the Zacks Rank, but that could change based on today’s results. Investors should note that our consensus estimate trend has not changed for the current fiscal year in the last 60 days.
Shares of the company have fallen 6.20% over the past month and were down 2.88% during regular trading hours today.
However, the stock is currently surging nearly 18% to $84.34 per share in after-hours trading shortly after its earnings report was released.
Company:
Beat earnings estimates. The company reported earnings of $0.37 per share, topping the Zacks Consensus Estimate of $0.17 per share.
Beat revenue estimates. The company saw revenue figures of $226.3 million, surpassing our consensus estimate of $221.22 million and growing 24% year-over-year.
Operating income in the second quarter of 2018 was $13.4 million, compared with $4.1 million in the second quarter of 2017.
On Amazon’s (AMZN - Free Report) Prime Day, the Roomba robots sold out, with twice its sales volume since the event started in 2015.
The company now anticipates full-year 2018 revenue of $1.06 to $1.08 billion, which is year-over-year growth of 20 – 22%, full-year 2018 operating income of $90 to $96 million, and full-year 2018 EPS of $2.30 to $2.50.
"We are continuing to execute against the strategy underlying our 2018 expectations and three-year financial targets which we believe is the most effective way to drive sustainable growth and shareholder value," said Colin Angle, the chairman and chief executive officer of iRobot.
Here’s a graph that looks at iRobot's recent earnings performance:
iRobot Corporation Price, Consensus and EPS Surprise
iRobot Corporation Price, Consensus and EPS Surprise | iRobot Corporation Quote
iRobot Corporation, the leading global consumer robot company, designs and builds robots that empower people to do more both inside and outside of the home.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>