Wall Street brokerages expect Ideal Power Inc (NASDAQ:IPWR) to post earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ideal Power’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.18). Ideal Power reported earnings of ($0.29) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Ideal Power will report full year earnings of ($0.83) per share for the current year, with EPS estimates ranging from ($0.83) to ($0.80). For the next year, analysts expect that the business will report earnings of ($0.59) per share, with EPS estimates ranging from ($0.66) to ($0.50). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Ideal Power.
IPWR has been the topic of a number of analyst reports. Zacks Investment Research cut Ideal Power from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. B. Riley reiterated a “buy” rating and issued a $5.00 price objective on shares of Ideal Power in a report on Monday, November 13th. Roth Capital set a $2.00 price objective on Ideal Power and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Ideal Power in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.08.
Ideal Power (IPWR) traded up $0.01 during trading hours on Friday, hitting $1.24. The stock had a trading volume of 188,200 shares, compared to its average volume of 504,341. Ideal Power has a 52-week low of $1.06 and a 52-week high of $3.59.
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Ideal Power Company Profile
Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.
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