Ideal Power Inc Forecasted to Earn Q3 2018 Earnings of ($0.15) Per Share (IPWR)
Ideal Power Inc (NASDAQ:IPWR) – Stock analysts at Oppenheimer cut their Q3 2018 earnings per share (EPS) estimates for shares of Ideal Power in a research report issued to clients and investors on Monday, August 13th. Oppenheimer analyst C. Rusch now forecasts that the industrial products company will post earnings per share of ($0.15) for the quarter, down from their prior estimate of ($0.14). Oppenheimer also issued estimates for Ideal Power’s Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.51) EPS and FY2019 earnings at ($0.10) EPS.
IPWR has been the topic of a number of other research reports. HC Wainwright set a $2.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research note on Tuesday. ValuEngine lowered shares of Ideal Power from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. B. Riley restated a “hold” rating on shares of Ideal Power in a research note on Monday, May 14th. Finally, Zacks Investment Research upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $1.44.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Monday, August 13th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.04. Ideal Power had a negative net margin of 833.16% and a negative return on equity of 75.12%. The business had revenue of $0.62 million for the quarter, compared to analyst estimates of $0.77 million.
About Ideal Power
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.
Featured Article: Google Finance Portfolio Tips and Tricks
Receive News & Ratings for Ideal Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power and related companies with MarketBeat.com's FREE daily email newsletter.