Brokerages Expect Ideal Power Inc (IPWR) Will Announce Quarterly Sales of $670,000.00

Share on StockTwits

Analysts predict that Ideal Power Inc (NASDAQ:IPWR) will announce sales of $670,000.00 for the current quarter, according to Zacks. Four analysts have made estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $800,000.00 and the lowest estimate coming in at $600,000.00. Ideal Power reported sales of $450,000.00 in the same quarter last year, which would suggest a positive year-over-year growth rate of 48.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Ideal Power will report full year sales of $2.54 million for the current year, with estimates ranging from $2.00 million to $3.60 million. For the next year, analysts forecast that the business will report sales of $10.49 million, with estimates ranging from $4.00 million to $24.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Ideal Power.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Monday, August 13th. The industrial products company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.04. The firm had revenue of $0.62 million during the quarter, compared to analysts’ expectations of $0.77 million. Ideal Power had a negative net margin of 527.25% and a negative return on equity of 72.98%.

A number of analysts have recently weighed in on IPWR shares. B. Riley set a $2.00 target price on Ideal Power and gave the company a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a report on Tuesday, July 17th. HC Wainwright set a $2.00 price target on Ideal Power and gave the stock a “buy” rating in a report on Tuesday, August 14th. Finally, ValuEngine raised Ideal Power from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ideal Power currently has an average rating of “Hold” and an average price target of $1.44.

NASDAQ:IPWR traded up $0.02 during trading hours on Wednesday, reaching $0.54. 6,370 shares of the company’s stock were exchanged, compared to its average volume of 94,191. The stock has a market cap of $7.31 million, a P/E ratio of -0.69 and a beta of 0.85. Ideal Power has a 1-year low of $0.50 and a 1-year high of $2.85.

About Ideal Power

Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.

Featured Article: Intrinsic Value

Get a free copy of the Zacks research report on Ideal Power (IPWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ideal Power (NASDAQ:IPWR)

Receive News & Ratings for Ideal Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply