iRobot (IRBT) is set to report Q2 earnings after the market closes.
Current Capital IQ Consensus estimates Q2 GAAP EPS of $1.28 (vs $0.25 last year) on revs +2% to $265.5 mln
On June 15, IRBT surprisingly provided upside Q2 revs guidance calling for Q2 revs of $260-270 mln vs Then estimate of $182.2 mln
IRBT said it was seeing robust order growth for premium products, namely the Roomba i7 Series and s9 Series, and Braava jet m Series.
TECHS:
IRBT has been a winner in this post-COVID environment. Shares are up 172% from March lows. Recently, shares have been trading in a 78.5/87 trading range since it provided upside Q2 revs guidance.
RESULTS:
iRobot beats by $1.78. Beats on revs.
Reports Q2 (Jun) earnings of $2.07 per share, $0.79 better than the S&P Capital IQ Consensus of $1.28; revenues rose 7.6% year/year to $279.88 mln vs the $265.07 mln S&P Capital IQ Consensus.The second-quarter 2020 revenue performance was highlighted by 13% growth in the U.S. and 43% in Japan over the prior year period, which more than offset a 14% decline in EMEA. Approximately 70% of the second-quarter 2020 revenue was estimated to be generated from e-commerce-related orders that span the company's own website and app, dedicated e-commerce websites and the online arms of traditional retailers. Direct-to-consumer revenue of $33 million grew nearly 160% from the prior year's second quarter.
If you liked this content please click the ❤️ below and/or share this post.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2020 PREVIEW OPINION PACKET. OVER 140 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
Check out the latest episodes on my YouTube above and SoundCloud channel below.