IRBT - Embedded Expectations Analysis - 2019 12 20
iRobot Corporation (IRBT:USA) currently trades below historical averages relative to UAFRS-based (Uniform) Earnings with a 10.9x Uniform P/E, implying bearish expectations for the firm. Moreover, management may be concerned about their market positioning, growth, and gross margin.Meanwhile, management is confident their gross margin for Q4 2019 will fall to the lower end of their prior range, and they may lack confidence in their ability to drive growth through their Terra line. Furthermore, they may be concerned about their North American market positioning, and they may lack confidence in their ability to effectively invest in software to promote differentiation. Finally, they may lack confidence in their ability to manage their expenses to promote growth, and they may be concerned about their time to market under their platform strategy.
iRobot is a consumer robot company. The company's portfolio of solutions features technologies for the connected home and concepts in cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company provides multiple Roomba floor vacuuming robots. The Braava robots automatically dust and damp mop hard-surface floors using cleaning cloths or the company's designed reusable microfiber cloths and include a reservoir that dispenses liquid throughout the cleaning cycle to keep the cloth damp. The robotic lawn mower, Terra t7 is being designed with a mapping and navigation system. Using the engaging Root Coding App, kids can learn coding fundamentals while they play, explore, and create.
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