Equities analysts forecast that Ideal Power Inc (NASDAQ:IPWR) will announce ($0.15) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ideal Power’s earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.17). Ideal Power reported earnings per share of ($0.28) in the same quarter last year, which would indicate a positive year-over-year growth rate of 46.4%. The business is scheduled to announce its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Ideal Power will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.68) to ($0.34). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.29) per share, with EPS estimates ranging from ($0.50) to ($0.19). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Ideal Power.
Ideal Power (NASDAQ:IPWR) last announced its earnings results on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Ideal Power had a negative return on equity of 66.57% and a negative net margin of 852.02%. The business had revenue of $0.24 million during the quarter, compared to analyst estimates of $0.71 million.
Shares of NASDAQ:IPWR traded down $0.04 during trading hours on Friday, hitting $1.26. 167,389 shares of the company’s stock traded hands, compared to its average volume of 417,089. Ideal Power has a 1 year low of $1.06 and a 1 year high of $3.29. The firm has a market capitalization of $17.50, a PE ratio of -1.67 and a beta of 1.11.
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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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