Equities analysts expect Ideal Power Inc (NASDAQ:IPWR) to announce ($0.21) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ideal Power’s earnings. The lowest EPS estimate is ($0.22) and the highest is ($0.20). Ideal Power posted earnings per share of ($0.31) during the same quarter last year, which suggests a positive year over year growth rate of 32.3%. The company is scheduled to issue its next 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 fiscal year, with EPS estimates ranging from ($0.91) to ($0.87). For the next year, analysts anticipate that the firm will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.71) to ($0.50). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.51 million. Ideal Power had a negative return on equity of 77.22% and a negative net margin of 1,267.05%.
Several research firms have recently weighed in on IPWR. ValuEngine cut shares of Ideal Power from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Ideal Power from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research note on Friday, August 11th. One investment 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 an average price target of $5.00.
A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp acquired a new position in Ideal Power Inc (NASDAQ:IPWR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned about 0.42% of Ideal Power as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.01% of the company’s stock.
Shares of Ideal Power (NASDAQ IPWR) traded up 3.70% during mid-day trading on Wednesday, reaching $2.52. 47,645 shares of the company’s stock traded hands. The stock’s market capitalization is $35.27 million. The company’s 50-day moving average price is $2.56 and its 200-day moving average price is $2.51. Ideal Power has a 12-month low of $1.91 and a 12-month high of $5.60.
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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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