Equities analysts expect Ideal Power Inc (NASDAQ:IPWR) to report earnings per share of ($0.15) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ideal Power’s earnings, with estimates ranging from ($0.18) to ($0.12). Ideal Power posted earnings per share of ($0.16) during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Ideal Power will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.47). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.35) per share, with EPS estimates ranging from ($0.60) to ($0.10). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Monday, August 13th. The industrial products company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $0.62 million during the quarter, compared to analysts’ expectations of $0.77 million. Ideal Power had a negative return on equity of 72.98% and a negative net margin of 527.25%.
A number of analysts have commented on IPWR shares. B. Riley set a $2.00 price target on Ideal Power and gave the stock a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Tuesday, July 17th. HC Wainwright set a $2.00 price target on Ideal Power and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded Ideal Power from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.44.
Ideal Power stock opened at $0.70 on Tuesday. Ideal Power has a one year low of $0.60 and a one year high of $2.85.
About Ideal Power
Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.
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