iRobot’s Q4 Tops Analysts’ Revenue, EPS Estimates – TheTradersWire

iRobot’s Q4 Tops Analysts’ Revenue, EPS Estimates



iRobot’s Q4 Tops Analysts’ Revenue, EPS Estimates

By Eric Volkman | February 9, 2017 — 9:50 AM EST

iRobot (NASDAQ: IRBT) cleaned up in the final quarter of 2016, delivering a frame that comfortably exceeded analyst projections. For the fourth quarter, the Roomba maker’s revenue inched up by 3% year over year to $212.5 million — an all-time Q4 high for the company. Net profit went in the other direction, however, falling by 29% to $13.7 million ($0.49 per diluted share).

In spite of that bottom-line slide, both figures were well higher than analysts’ average estimates. These anticipated revenue of just under $206 million, and a per-share net profit of $0.41.

This is the latest in a string of quarterly earnings beats by iRobot. In the third quarter, it reported EPS of $0.70; on average, analysts were modeling EPS of $0.43.

For the full year, iRobot’s revenue was slightly below $661 million, 7% higher than the 2015 result. Net profit fell by 5% to $41.9 million ($1.48 per share).

The company also proffered guidance for the current year. It believes it will book revenue of $770 million to $785 million for 2017, which would be 16% to 19% higher than the 2016 result. It anticipates that its EPS will be in the $1.35 to $1.65 range.

In the press release unveiling the results, iRobot CEO Colin Angle said that the top-line growth will result from “deeper household penetration of Roomba in the U.S., accelerating growth in overseas markets, [and] capitalizing on our first mover advantage in the wet floor care category, particularly in Asia.”

The company has been active in the latter segment since 2005; currently, its key product in the category is the Braava floor mopping robot.

10 stocks we like better than iRobot
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now… and iRobot wasn’t one of them! That’s right — they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of February 6, 2017

Eric Volkman has no position in any stocks mentioned.
Published at Thu, 09 Feb 2017 14:50:03 +0000

About the author


Online resource for daily updates and information relating to investing stocks, bonds, forex, real estate and much more.