Analysts Anticipate Polar Power, Inc. (POLA) to Announce ($0.01) EPS
Shares of Polar Power, Inc. (NASDAQ:POLA) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Polar Power’s rating score has declined by 200% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus target price of $5.00 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 197 out of 265 based on the ratings given to its competitors.
POLA has been the subject of several recent research reports. Zacks Investment Research upgraded Polar Power from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Roth Capital set a $7.00 price objective on Polar Power and gave the company a “buy” rating in a research report on Sunday, October 15th. Finally, ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
Shares of Polar Power (POLA) traded up $0.17 during mid-day trading on Thursday, reaching $5.21. The company’s stock had a trading volume of 24,900 shares, compared to its average volume of 85,048. The company has a quick ratio of 18.35, a current ratio of 23.62 and a debt-to-equity ratio of 0.01. Polar Power has a 12-month low of $4.12 and a 12-month high of $11.50.
Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Monday, November 6th. The utilities provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). Polar Power had a net margin of 8.59% and a return on equity of 6.40%. The company had revenue of $3.03 million during the quarter, compared to the consensus estimate of $4.65 million. The company’s quarterly revenue was down 59.6% compared to the same quarter last year. equities analysts predict that Polar Power will post -0.03 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Analysts Anticipate Polar Power, Inc. (POLA) to Announce ($0.01) EPS” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/07/analysts-anticipate-polar-power-inc-pola-to-announce-0-01-eps.html.
About Polar Power
Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Polar Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.