Wall Street analysts expect Ideal Power Inc. (NASDAQ:IPWR) to report earnings per share (EPS) of ($0.17) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Ideal Power’s earnings, with estimates ranging from ($0.20) to ($0.15). Ideal Power posted earnings per share of ($0.29) in the same quarter last year, which indicates a positive year-over-year growth rate of 41.4%. The company is expected to issue its next earnings report on Monday, February 26th.
On average, analysts expect that Ideal Power will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.89) to ($0.80). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.60) per share, with EPS estimates ranging from ($0.71) to ($0.50). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The firm had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.61 million. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. The company’s quarterly revenue was up .0% on a year-over-year basis.
Ideal Power (NASDAQ IPWR) traded down $0.10 during trading hours on Thursday, hitting $1.83. 82,228 shares of the stock were exchanged, compared to its average volume of 89,975. Ideal Power has a 52 week low of $1.40 and a 52 week high of $4.65.
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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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