$1.58 Million in Sales Expected for Ideal Power Inc. (IPWR) This Quarter
Equities analysts expect Ideal Power Inc. (NASDAQ:IPWR) to post sales of $1.58 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ideal Power’s earnings. The lowest sales estimate is $800,000.00 and the highest is $2.00 million. Ideal Power posted sales of $370,000.00 during the same quarter last year, which suggests a positive year over year growth rate of 327%. The firm is expected to report its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Ideal Power will report full-year sales of $1.58 million for the current year, with estimates ranging from $1.70 million to $3.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $15.63 million per share, with estimates ranging from $12.08 million to $25.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.61 million. The firm’s quarterly revenue was up .0% compared to the same quarter last year.
A number of research analysts have recently commented on IPWR shares. ValuEngine upgraded shares of Ideal Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Ideal Power from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, B. Riley restated a “buy” rating and set a $5.00 price target on shares of Ideal Power in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.00.
Ideal Power (NASDAQ IPWR) opened at $1.56 on Tuesday. Ideal Power has a 1 year low of $1.45 and a 1 year high of $4.98.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ideal Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.