$380,000.00 in Sales Expected for Ideal Power Inc (IPWR) This Quarter

Brokerages expect that Ideal Power Inc (NASDAQ:IPWR) will report $380,000.00 in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $400,000.00 and the lowest estimate coming in at $360,000.00. Ideal Power reported sales of $240,000.00 in the same quarter last year, which indicates a positive year-over-year growth rate of 58.3%. The business is scheduled to announce its next earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Ideal Power will report full year sales of $1.50 million for the current fiscal year. For the next financial year, analysts expect that the firm will report sales of $3.17 million, with estimates ranging from $2.30 million to $4.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ideal Power.

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

Several research analysts have recently commented on the company. Zacks Investment Research lowered Ideal Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Oppenheimer reiterated a “market perform” rating on shares of Ideal Power in a research report on Friday, November 16th. Citigroup downgraded Ideal Power from an “outperform” rating to a “market perform” rating in a report on Friday, November 16th. HC Wainwright set a $2.00 price target on Ideal Power and gave the stock a “buy” rating in a report on Friday, November 16th. Finally, CIBC reissued a “market perform” rating on shares of Ideal Power in a report on Friday, November 16th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $1.44.

Shares of IPWR traded down $0.01 during mid-day trading on Friday, hitting $0.32. The stock had a trading volume of 144,300 shares, compared to its average volume of 164,713. The firm has a market cap of $4.62 million, a price-to-earnings ratio of -0.41 and a beta of 1.04. Ideal Power has a fifty-two week low of $0.20 and a fifty-two week high of $1.53.

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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