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iRobot backs FY24 adjusted EPS view ($3.73)-(3.30), consensus ($3.58)
The Fly

iRobot backs FY24 adjusted EPS view ($3.73)-(3.30), consensus ($3.58)

Backs FY24 revenue view $825M-$865M, consensus $837.71M. For the first half of 2024, revenue is expected to decline in the high teens to low 20s percentage range compared to the first half of 2023, with Q2 expected to be the weaker quarter year-over-year as the company expects a shifting of orders into Q3. For the second half of the year, the company anticipates a mid-single-digit percentage improvement in revenue compared to the second half of 2023. iRobot anticipates that the majority of the gross margin improvement will occur in the second half of the year as the company ramps its initiatives.

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