|Bid||96.31 x 900|
|Ask||96.40 x 800|
|Day's Range||94.42 - 96.82|
|52 Week Range||62.12 - 197.40|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||16.07|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
iRobot's (IRBT) Q1 results benefit from solid demand for products, both domestically and internationally. It raises revenue projection for 2021 while maintains that for earnings.
Shares of iRobot (NASDAQ: IRBT) were off 13% through 11:04 a.m. EDT today -- a curious reaction indeed to the astounding earnings beat that the company turned in last night. Analysts had forecast that iRobot would earn a mere $0.09 per share in profit on sales of just $264 million for its fiscal first quarter 2021, but when iRobot released its results, it reported more than four times as much profit -- $0.41 per share, pro forma -- and quarterly sales of $303.3 million. Lockdowns were just taking effect -- locking homeowners into their homes, locking their cleaning services out, and presumably raising interest in automated home-cleaning solutions like iRobot's Roomba robot vacuums.
iRobot (IRBT) delivered earnings and revenue surprises of 583.33% and 15.94%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?