iRobot Corporation (IRBT) Falls: Stock Goes Down 5.2%

Zacks

iRobot Corporation (IRBT) saw a big move last session, as the company’s shares fell more than 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $40.25–$45.54 in the past one-month time frame, showed a sharp decline yesterday at $42.06.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

IRBT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the consumer goods sector include Rockwell Automation Inc. (ROK), 3M Company (MMM) and CLARCOR Inc. (CLC). All these stocks carry a Zacks Rank #2 (Buy).

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IROBOT CORP (IRBT): Free Stock Analysis Report

ROCKWELL AUTOMATION INC (ROK): Free Stock Analysis Report

3M CO (MMM): Free Stock Analysis Report

CLARCOR INC (CLC): Free Stock Analysis Report


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