iRobot Corp (NASDAQ: IRBT) has reported a loss for its second fiscal quarter (ending June 30) of $-2.41 versus a loss $-2.93 for the same period a year ago. This result fell short of the consensus estimate of $-1.77 by $-0.63. For the latest four quarters through June 30, E.P.S. were $-7.30 versus $-13.66 for the same period a year ago.
Recent Price Action
iRobot Corp (NASDAQ: IRBT) stock declined by -2.0% on 8/6/24. The shares closed at $9.43. Moreover, this decline was accompanied by above average trading volume at 122% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -18.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, IRBT is expected to continue to be Value Creation neutral.
iRobot has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. iRobot has a slightly negative Power Rating of 35 and a very low Appreciation Score of 9, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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