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

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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.

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