Brokerages expect Ideal Power (NASDAQ:IPWR) to announce $770,000.00 in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ideal Power’s earnings, with estimates ranging from $500,000.00 to $1.50 million. Ideal Power posted sales of $250,000.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 208%. The company is expected to issue its next earnings report on Thursday, August 9th.
On average, analysts expect that Ideal Power will report full-year sales of $5.71 million for the current fiscal year, with estimates ranging from $1.90 million to $12.10 million. For the next fiscal year, analysts expect that the company will report sales of $19.11 million per share, with estimates ranging from $7.81 million to $25.53 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, May 10th. The industrial products company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). Ideal Power had a negative net margin of 833.16% and a negative return on equity of 75.12%. The firm had revenue of $0.18 million during the quarter, compared to the consensus estimate of $0.32 million.
A number of research firms recently weighed in on IPWR. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Ideal Power in a research report on Wednesday, March 7th. Roth Capital reissued a “hold” rating and issued a $1.00 price target on shares of Ideal Power in a research report on Wednesday, March 7th. Finally, B. Riley reissued a “hold” rating on shares of Ideal Power in a research report on Monday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2.25.
IPWR stock remained flat at $$1.23 during mid-day trading on Tuesday. 13,810 shares of the company’s stock were exchanged, compared to its average volume of 143,200. The firm has a market cap of $17.22 million, a P/E ratio of -1.58 and a beta of 1.10. Ideal Power has a 12 month low of $1.06 and a 12 month high of $3.29.
About Ideal Power
Ideal Power Inc develops power conversion solutions with a focus on commercial and industrial grid storage, combined solar and storage, and microgrid applications. The company offers 30kW battery converters for the commercial and industrial grid-tied distributed energy storage market; 30kW grid-resilient alternating current (AC) – direct current (DC) power conversion system (PCS) with two-ports, as well as 30kW grid-resilient AC-DC-DC multi-port model; and 125kW grid-resilient AC-DC PCS.
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