-$0.21 EPS Expected for Ideal Power Inc. (IPWR) This Quarter
Brokerages forecast that Ideal Power Inc. (NASDAQ:IPWR) will announce earnings per share of ($0.21) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ideal Power’s earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.22). Ideal Power reported earnings per share of ($0.31) in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.3%. The company is expected to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Ideal Power will report full year earnings of ($0.89) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.87). For the next fiscal year, analysts expect that the firm will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.71) to ($0.50). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ideal Power.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.03). Ideal Power had a negative net margin of 895.37% and a negative return on equity of 95.52%. The company had revenue of $0.25 million for the quarter, compared to the consensus estimate of $0.51 million.
A number of brokerages have commented on IPWR. Zacks Investment Research downgraded Ideal Power from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine cut Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, HC Wainwright set a $4.00 price objective on Ideal Power and gave the company a “buy” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Ideal Power presently has a consensus rating of “Hold” and a consensus target price of $5.10.
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A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp acquired a new position in shares of Ideal Power Inc. (NASDAQ:IPWR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned approximately 0.42% of Ideal Power at the end of the most recent quarter. 17.01% of the stock is owned by institutional investors.
Shares of Ideal Power (NASDAQ IPWR) traded up 2.13% on Wednesday, reaching $2.40. 86,943 shares of the company’s stock traded hands. Ideal Power has a 52 week low of $1.91 and a 52 week high of $5.60. The company’s 50-day moving average is $2.56 and its 200-day moving average is $2.51. The firm’s market capitalization is $33.59 million.
Ideal Power Company Profile
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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