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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where IRBT declined for three days, in of 353 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IRBT entered a downward trend on April 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where IRBT's RSI Indicator exited the oversold zone, of 47 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where IRBT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where IRBT advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
IRBT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.206) is normal, around the industry mean (6.278). P/E Ratio (48.077) is within average values for comparable stocks, (27.521). IRBT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.278). IRBT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (0.263) is also within normal values, averaging (0.986).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. IRBT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IRBT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company, which engages in the business of designing and building robots
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