iRobot: Q1 Earnings Insights - iRobot (NASDAQ:IRBT)

iRobot IRBT reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

iRobot beat estimated earnings by 51.11%, reporting an EPS of $-0.66 versus an estimate of $-1.35.

Revenue was down $11.29 million from the same period last year.

Last quarter the company missed on EPS by $0.14 which was followed by a 14.26% drop in the share price the next day.

Here's a look at iRobot's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.91	0.70	0.32
EPS Actual	-1.05	1.67	0.27	0.41
Revenue Estimate	463.77M	417.04M	352.76M	264.05M
Revenue Actual	455.45M	440.68M	365.60M	303.26M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

iRobot management provided guidance for FY 2022, expecting earnings between $1.5 and $2.1 per share.

To track all earnings releases for iRobot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.