Ideal Power Inc (IPWR) Expected to Post Quarterly Sales of $710,000.00

Equities analysts expect that Ideal Power Inc (NASDAQ:IPWR) will announce sales of $710,000.00 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $1.50 million and the lowest estimate coming in at $400,000.00. Ideal Power posted sales of $370,000.00 in the same quarter last year, which would indicate a positive year over year growth rate of 91.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Ideal Power will report full year sales of $710,000.00 for the current financial year, with estimates ranging from $1.39 million to $2.50 million. For the next fiscal year, analysts expect that the firm will report sales of $12.41 million per share, with estimates ranging from $10.08 million to $16.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Ideal Power.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.05. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. The company had revenue of $0.40 million for the quarter, compared to analysts’ expectations of $0.61 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Several equities research analysts recently commented on the company. Roth Capital set a $2.00 price objective on Ideal Power and gave the company a “hold” rating in a research report on Saturday, November 25th. B. Riley reaffirmed a “buy” rating on shares of Ideal Power in a research report on Wednesday, November 1st. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Wednesday, January 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Ideal Power in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.08.

Shares of Ideal Power (NASDAQ IPWR) opened at $1.20 on Friday. Ideal Power has a 12-month low of $1.10 and a 12-month high of $3.59. The company has a market capitalization of $16.80, a price-to-earnings ratio of -1.25 and a beta of 1.17.

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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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