-$0.17 Earnings Per Share Expected for Ideal Power Inc (IPWR) This Quarter
Equities analysts forecast that Ideal Power Inc (NASDAQ:IPWR) will post earnings per share of ($0.17) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Ideal Power’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.18). Ideal Power posted 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 business is expected to issue its next earnings results after the market closes on Monday, February 26th.
According to Zacks, analysts expect that Ideal Power will report full-year earnings of ($0.83) per share for the current financial year, with EPS estimates ranging from ($0.83) to ($0.80). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.66) to ($0.50). Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.05. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. The firm had revenue of $0.40 million for the quarter, compared to analyst estimates of $0.61 million. Ideal Power’s revenue was up .0% compared to the same quarter last year.
Shares of Ideal Power (NASDAQ IPWR) traded down $0.07 during mid-day trading on Wednesday, reaching $1.13. 480,911 shares of the company’s stock traded hands, compared to its average volume of 595,340. Ideal Power has a 12-month low of $1.08 and a 12-month high of $3.59. The firm has a market cap of $16.80, a price-to-earnings ratio of -1.18 and a beta of 1.17.
About Ideal Power
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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