iRobot (IRBT, $89.42 ) has blockbuster Q4 earnings, expects bright year ahead
iRobot Corp. posted record high earnings for the fourth quarter, while also beating analyst expectations.
The consumer robot maker raked in adjusted earnings of 84 cents per share in the fourth quarter, surging past the year-ago quarter’s 54 cents a share. The earnings were also way above Zacks Consensus Estimate of 51 cents a share.
Revenue in the quarter jumped +17.7% from the year-ago period to touch $384.7 million. Consensus estimate was $379 million.
For the full-year 2018, adjusted earnings increased by a solid +60.5% from the preceding year, to $2.84 a share. Full-year revenue rose +24% to $1.09 billion – compared to $883.9 million in 2017.
iRobot CEO Colin Angle indicated that the company could efficiently weather the impact of tariffs in the U.S., and also added that strong demand for Roomba i7 and i7+ robots bolstered holiday sales for the company. Angle mentioned the company’s market in Japan as a strong driver of international sales in the fourth quarter.
Looking ahead, the company forecasts revenue growth in the range of +17% to +20% (i.e. revenue between $1.28 billion and $1.31 billion) in 2019. It expects earnings per share to range between $3 and $3.25 for the year.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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a company, which engages in the business of designing and building robots
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