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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, iRobot (IRBT - Free Report) closed at $59, marking a +1.55% move from the previous day. This move outpaced the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the robotics technology company had lost 4.41% in the past month. In that same time, the Industrial Products sector gained 6.57%, while the S&P 500 gained 3.85%.
IRBT will be looking to display strength as it nears its next earnings release, which is expected to be October 22, 2019. On that day, IRBT is projected to report earnings of $0.58 per share, which would represent a year-over-year decline of 48.21%. Our most recent consensus estimate is calling for quarterly revenue of $260.79 million, down 1.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.73 per share and revenue of $1.22 billion. These totals would mark changes of -48.1% and +11.59%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for IRBT. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IRBT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, IRBT is currently trading at a Forward P/E ratio of 21.31. For comparison, its industry has an average Forward P/E of 19.99, which means IRBT is trading at a premium to the group.
It is also worth noting that IRBT currently has a PEG ratio of 1.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IRBT's industry had an average PEG ratio of 1.9 as of yesterday's close.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IRBT in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
IRobot (IRBT) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, iRobot (IRBT - Free Report) closed at $59, marking a +1.55% move from the previous day. This move outpaced the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.05%.
Coming into today, shares of the robotics technology company had lost 4.41% in the past month. In that same time, the Industrial Products sector gained 6.57%, while the S&P 500 gained 3.85%.
IRBT will be looking to display strength as it nears its next earnings release, which is expected to be October 22, 2019. On that day, IRBT is projected to report earnings of $0.58 per share, which would represent a year-over-year decline of 48.21%. Our most recent consensus estimate is calling for quarterly revenue of $260.79 million, down 1.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.73 per share and revenue of $1.22 billion. These totals would mark changes of -48.1% and +11.59%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for IRBT. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IRBT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, IRBT is currently trading at a Forward P/E ratio of 21.31. For comparison, its industry has an average Forward P/E of 19.99, which means IRBT is trading at a premium to the group.
It is also worth noting that IRBT currently has a PEG ratio of 1.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IRBT's industry had an average PEG ratio of 1.9 as of yesterday's close.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IRBT in the coming trading sessions, be sure to utilize Zacks.com.