), is set to report fourth-quarter 2013 results on Feb 5, after
the market closes. In the last quarter, it delivered 8.3%
positive earnings surprise. Let's see how things are shaping up
for this announcement.
Factors to Consider
iRobot reported lower year-over-year revenues in the third
quarter of 2013. However, for the nine months ended Sep 2013, the
company recorded an improvement. The hike was a result of strong
demand in Asia along with improvements in the European market
In the fourth quarter of 2013, iRobot launched many robots
which increased its market share. The company has been focusing
on its Home Robot segment. For 2013, the company expects to
report revenues in the range of $485 million to $490 million with
earnings per share in the 90 cents-95 cents range.
Our proven model does not conclusively show that iRobot is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as we see below.
ESP for iRobot stands at 0.00%. This is because the Most Accurate
estimate stands at 11 cents flat with the Zacks Consensus
iRobot's Zacks Rank #3 (Hold) when combined with a 0.00% ESP
makes surprise prediction difficult. We caution against stocks
with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the
earnings announcement, especially when the company is seeing a
negative estimate revision momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter
), Earnings ESP of +4.00% and a Zacks Rank #2 (Buy)
Affiliated Managers Group Inc.
), Earnings ESP of +0.97% and a Zacks Rank #2
), Earnings ESP of +1.92% and a Zacks Rank #3.
AFFIL MANAGERS (AMG): Free Stock Analysis
GORMAN RUPP CO (GRC): Free Stock Analysis
IROBOT CORP (IRBT): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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