Brokerages Expect Ideal Power Inc (IPWR) Will Post Quarterly Sales of $550,000.00

Equities analysts expect Ideal Power Inc (NASDAQ:IPWR) to announce sales of $550,000.00 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ideal Power’s earnings. The highest sales estimate is $950,000.00 and the lowest is $360,000.00. Ideal Power reported sales of $240,000.00 during the same quarter last year, which indicates a positive year over year growth rate of 129.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Ideal Power will report full year sales of $1.74 million for the current fiscal year, with estimates ranging from $1.50 million to $2.37 million. For the next financial year, analysts forecast that the business will post sales of $4.51 million, with estimates ranging from $2.30 million to $7.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Ideal Power.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, November 15th. The industrial products company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). The firm had revenue of $0.34 million during the quarter, compared to the consensus estimate of $0.67 million. Ideal Power had a negative return on equity of 87.21% and a negative net margin of 568.42%.

A number of research firms recently issued reports on IPWR. HC Wainwright set a $2.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research raised shares of Ideal Power from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Thursday, August 16th. B. Riley set a $2.00 price target on shares of Ideal Power and gave the company a “hold” rating in a research note on Tuesday, August 14th. ValuEngine raised shares of Ideal Power from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, CIBC reaffirmed a “market perform” rating on shares of Ideal Power in a research note on Friday, November 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ideal Power presently has a consensus rating of “Hold” and a consensus target price of $1.44.

IPWR opened at $0.37 on Friday. Ideal Power has a 1-year low of $0.27 and a 1-year high of $2.85. The company has a market capitalization of $5.18 million, a price-to-earnings ratio of -0.47 and a beta of 1.03.

Ideal Power Company Profile

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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Earnings History and Estimates for Ideal Power (NASDAQ:IPWR)

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