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Stock Market Analysis

iRobot’s Q4 Earnings: What Should Investors Expect?

This small-cap growth stock has had a mixed bag since the pandemic began, but could 2020 earnings reveal its best year yet?

Following a difficult 2019, iRobot (NASDAQ: IRBT) went into 2020 with a lot of hope and investor optimism that things would improve. Then the pandemic hit and this massive spanner in the works caused a lot of volatility. 

It was not the end for the Roomba maker though, whose stock shot up 58.6% in 2020, and is up almost 50% in 2021 already. Ahead of its full-year 2020 earnings report tomorrow, what should investors expect?

When is iRobot’s earnings date?

iRobot reports earnings for the fourth quarter of 2020 on Wednesday, 10th of February at 08:30 am Eastern Standard Time. 

How can I listen to iRobot’s earnings call?

To listen to the call and to access the transcript, as well as the shareholder’s letter and the financial statements for the quarter, all you need to do is go to iRobot’s investor relations page here

What to expect from iRobot’s earnings

iRobot analysts are expecting a mixed bag from tomorrow’s event, with the company expected to deliver a year-over-year decline in earnings on higher revenues following strong holiday quarter sales. 

The consensus estimate is that the robotics technology company will post quarterly earnings of $0.36 per share, representing a year-over-year decline of 48.6%, while revenue is expected to grow 13.7% to $485.02 million. 

At its Q3 earnings call, iRobot itself provided GAAP and non-GAAP financial expectations for the full fiscal year ended January 2, 2021:

MetricGAAPAdjustmentNon-GAAP
Revenue$1.365 billion to $1.375 billion$1.365 billion to $1.375 billion
Gross Profit$649 million – $657 million~($36 million)$613 million – $621 million
Operating Income$127 million – $132 million~($2 million)$125 million – $130 million
Earnings Per Share$4.52 – $4.62~($1.09)$3.43 – $3.53

iRobot did experience a lot of volatility in recent weeks due to being caught up in the GameStop-related short-squeeze. In the past week its stock price has leveled out, but investors can expect further swings if the company misses or surpasses its targets.

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Jamie Adams
Jamie is the Content Editor here at MyWallSt. His favorite stock is Apple, which is also the first stock he ever bought. Jamie is not only a big fan of its products, but he believes that the tech giant has a whole lot more to give the world, and hasn't even scraped the surface of its potential.