$670,000.00 in Sales Expected for Ideal Power Inc (IPWR) This Quarter

Wall Street brokerages expect Ideal Power Inc (NASDAQ:IPWR) to announce $670,000.00 in sales for the current quarter, Zacks reports. Four analysts have made estimates for Ideal Power’s earnings. The lowest sales estimate is $600,000.00 and the highest is $800,000.00. Ideal Power posted sales of $450,000.00 in the same quarter last year, which suggests a positive year over year growth rate of 48.9%. The company is scheduled to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Ideal Power will report full-year sales of $2.54 million for the current fiscal year, with estimates ranging from $2.00 million to $3.60 million. For the next year, analysts forecast that the firm will report sales of $10.49 million, with estimates ranging from $4.00 million to $24.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Ideal Power.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Monday, August 13th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. Ideal Power had a negative return on equity of 72.98% and a negative net margin of 527.25%. The firm had revenue of $0.62 million during the quarter, compared to analyst estimates of $0.77 million.

A number of brokerages have recently weighed in on IPWR. B. Riley set a $2.00 target price on Ideal Power and gave the company a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Tuesday, July 17th. HC Wainwright set a $2.00 target price on Ideal Power and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, ValuEngine upgraded Ideal Power from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Ideal Power currently has a consensus rating of “Hold” and an average price target of $1.44.

Ideal Power stock traded up $0.03 during mid-day trading on Thursday, hitting $0.69. 129,300 shares of the company were exchanged, compared to its average volume of 221,071. Ideal Power has a 1-year low of $0.60 and a 1-year high of $2.85. The firm has a market capitalization of $9.66 million, a P/E ratio of -0.83 and a beta of 0.86.

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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