-$0.15 Earnings Per Share Expected for Ideal Power (IPWR) This Quarter
Wall Street analysts predict that Ideal Power (NASDAQ:IPWR) will report earnings per share of ($0.15) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Ideal Power’s earnings, with estimates ranging from ($0.17) to ($0.14). Ideal Power posted earnings per share of ($0.28) in the same quarter last year, which indicates a positive year over year growth rate of 46.4%. The company is scheduled to issue its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Ideal Power will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.68) to ($0.34). For the next fiscal year, analysts forecast that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.50) to ($0.19). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Ideal Power.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings data on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Ideal Power had a negative net margin of 852.02% and a negative return on equity of 71.09%. The business had revenue of $0.24 million for the quarter, compared to analysts’ expectations of $0.71 million.
Shares of NASDAQ IPWR traded down $0.02 during midday trading on Monday, reaching $1.21. 44,656 shares of the company traded hands, compared to its average volume of 398,597. Ideal Power has a 52 week low of $1.06 and a 52 week high of $3.29. The stock has a market cap of $17.17, a P/E ratio of -1.55 and a beta of 1.11.
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Ideal Power Company Profile
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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