iRobot: A Buy Into Earnings As The Market Is Too Bearish [Seeking Alpha]
iRobot Corporation (IRBT)
Last irobot corporation earnings: 4/28 04:01 pm
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US:NASDAQ Investor Relations:
investor.irobot.com/investor-overview
Company Research
Source: Seeking Alpha
iRobot Corp. IRBT (Source: Finviz) Challenging Market Conditions Recap Since May 2019, U.S. imports of robotic vacuum cleaners sourced from China have faced a 25% tariff. For iRobot, which has manufacturing facilities in China, the result has been margin pressure based on the higher costs with a limited ability to raise prices. The company is responding by establishing a production presence in Malaysia expected to ramp up through 2020. Company IR The story here is really the impact to near-term earnings, while revenue growth is expected to remain above 10%. The company sees gross margin dropping below 40% in 2020 compared to levels above 50% over the past five years. The combination of higher input costs and spending to diversify its manufacturing base is set to push operating income lower in the year ahead. (Source: Company IR) Keep in mind, iRobot is still profitable, with full-year 2019 consensus earnings including the yet-to-be-reported Q4 quarter expected to reach an adjusted $3.
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News
- Levi & Korsinsky Reminds iRobot Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 7, 2024 – IRBTAccesswire
- FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of iRobot Corporation - IRBTGlobeNewswire
- Investors in iRobot Corporation Should Contact Levi & Korsinsky Before May 7, 2024 to Discuss Your Rights – IRBTAccesswire
- Class Action Filed Against iRobot Corporation (IRBT) Seeking Recovery for Investors – Contact Levi & KorsinskyAccesswire
- iRobot Corporation investors: Please contact the Portnoy Law Firm to recover your lossesGlobeNewswire
IRBT
Earnings
- 11/7/23 - Miss
IRBT
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/9/24 - Form DEF
- IRBT's page on the SEC website