We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
iRobot (IRBT) Benefits from Strong Footing in Key Markets
Read MoreHide Full Article
On May 28, we issued an updated research report on iRobot Corporation (IRBT - Free Report) .
In the past year, this Zacks Rank #2 (Buy) stock has gained 36.9%, against the industry’s decline of 10.9%.
Existing Scenario
Strong demand for products like Roomba i7 in the overseas end markets along with i7/i7+ Roomba sales will continue to drive iRobot’s near-term revenues. The company anticipates that innovation investments, diverse product portfolio and increasing international businesses will boost the top line. Notably, the company expects to generate revenues in the range of $1.28-$1.31 billion (with estimated year-over-year growth rate of 17-20%) in 2019.
Also, the company is raising global household adoption rates of Roomba and Braava products through sales and marketing programs. In addition, the company has rolled out its robotic lawnmower, Terra, in January 2019.
The product is equipped with wire-free beacon system, Imprint Smart Mapping technology and iRobot HOME app. It is predicted to reinvent the lawn-cutting process. The company expects that marketing investments along with new product launches will continue to drive the top line in the quarters ahead.
Moreover, the company announced an increase to existing revolving credit facility (in July 2018) from $75 million to $150 million and extended its term to 2023. This will enable it to execute growth strategy. Notably, the new revolving line of credit facility will provide the company with greater financial flexibility for strategic acquisitions as well as future marketing and product innovation programs.
Dover surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 8.61%.
Tetra Tech surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 8.22%.
Flowserve outpaced estimates twice in the preceding four quarters, the average earnings surprise being 0.49%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
iRobot (IRBT) Benefits from Strong Footing in Key Markets
On May 28, we issued an updated research report on iRobot Corporation (IRBT - Free Report) .
In the past year, this Zacks Rank #2 (Buy) stock has gained 36.9%, against the industry’s decline of 10.9%.
Existing Scenario
Strong demand for products like Roomba i7 in the overseas end markets along with i7/i7+ Roomba sales will continue to drive iRobot’s near-term revenues. The company anticipates that innovation investments, diverse product portfolio and increasing international businesses will boost the top line. Notably, the company expects to generate revenues in the range of $1.28-$1.31 billion (with estimated year-over-year growth rate of 17-20%) in 2019.
Also, the company is raising global household adoption rates of Roomba and Braava products through sales and marketing programs. In addition, the company has rolled out its robotic lawnmower, Terra, in January 2019.
The product is equipped with wire-free beacon system, Imprint Smart Mapping technology and iRobot HOME app. It is predicted to reinvent the lawn-cutting process. The company expects that marketing investments along with new product launches will continue to drive the top line in the quarters ahead.
Moreover, the company announced an increase to existing revolving credit facility (in July 2018) from $75 million to $150 million and extended its term to 2023. This will enable it to execute growth strategy. Notably, the new revolving line of credit facility will provide the company with greater financial flexibility for strategic acquisitions as well as future marketing and product innovation programs.
Other Key Picks
Some other top-ranked stocks in the same space are Dover Corp. (DOV - Free Report) , Tetra Tech, Inc (TTEK - Free Report) and Flowserve Corp. (FLS - Free Report) . All the stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dover surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 8.61%.
Tetra Tech surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 8.22%.
Flowserve outpaced estimates twice in the preceding four quarters, the average earnings surprise being 0.49%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>