Ideal Power Inc. (IPWR) Expected to Post Quarterly Sales of $610,000.00
Wall Street brokerages expect Ideal Power Inc. (NASDAQ:IPWR) to report $610,000.00 in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Ideal Power’s earnings. The lowest sales estimate is $380,000.00 and the highest is $1.10 million. Ideal Power posted sales of $440,000.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.6%. The business is expected to report its next earnings results after the market closes on Thursday, November 9th.
On average, analysts expect that Ideal Power will report full year sales of $610,000.00 for the current fiscal year, with estimates ranging from $1.70 million to $3.50 million. For the next year, analysts anticipate that the firm will post sales of $15.63 million per share, with estimates ranging from $12.08 million to $25.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.03). The firm had revenue of $0.25 million for the quarter, compared to the consensus estimate of $0.51 million. Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%.
Ideal Power (IPWR) traded up 2.3301% during trading on Wednesday, reaching $2.0773. The company’s stock had a trading volume of 42,260 shares. The stock’s 50-day moving average is $2.48 and its 200 day moving average is $2.42. Ideal Power has a 12 month low of $1.91 and a 12 month high of $5.60. The company’s market cap is $29.07 million.
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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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