iRobot (IRBT - Free Report) closed at $88.28 in the latest trading session, marking a -1.33% move from the prior day. This move lagged the S&P 500's daily loss of 0.69%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq lost 0.79%.
Coming into today, shares of the robotics technology company had lost 13.59% in the past month. In that same time, the Industrial Products sector lost 7.97%, while the S&P 500 lost 4.53%.
IRBT will be looking to display strength as it nears its next earnings release. In that report, analysts expect IRBT to post earnings of $0.02 per share. This would mark a year-over-year decline of 94.59%. Meanwhile, our latest consensus estimate is calling for revenue of $267.90 million, up 18.37% from the prior-year quarter.
IRBT's full-year Zacks Consensus Estimates are calling for earnings of $3.25 per share and revenue of $1.29 billion. These results would represent year-over-year changes of -38.21% and +18%, respectively.
Investors should also note any recent changes to analyst estimates for IRBT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IRBT is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note IRBT's current valuation metrics, including its Forward P/E ratio of 27.55. This represents a premium compared to its industry's average Forward P/E of 22.23.
Meanwhile, IRBT's PEG ratio is currently 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Industrial Automation and Robotics was holding an average PEG ratio of 2.08 at yesterday's closing price.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.