Brokerages Anticipate Ideal Power Inc (IPWR) Will Post Earnings of -$0.17 Per Share
Wall Street brokerages forecast that Ideal Power Inc (NASDAQ:IPWR) will announce earnings of ($0.17) per share for the current quarter, according to Zacks. Six analysts have provided estimates for Ideal Power’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.18). Ideal Power reported earnings per share of ($0.29) during the same quarter last year, which suggests a positive year-over-year growth rate of 41.4%. The company is expected to report its next earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Ideal Power will report full-year earnings of ($0.83) per share for the current year, with EPS estimates ranging from ($0.83) to ($0.80). For the next year, analysts expect that the firm will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.66) to ($0.50). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Ideal Power.
A number of equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating on shares of Ideal Power in a report on Wednesday, November 1st. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Ideal Power in a report on Monday, November 13th. Roth Capital set a $2.00 price objective on Ideal Power and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Ideal Power presently has an average rating of “Hold” and a consensus price target of $4.08.
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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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