Brokerages expect Ideal Power Inc (NASDAQ:IPWR) to announce ($0.13) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ideal Power’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.18). Ideal Power also posted earnings of ($0.13) per share in the same quarter last year. The business is scheduled to issue its next earnings results after the market closes on Tuesday, March 19th.
According to Zacks, analysts expect that Ideal Power will report full-year earnings of ($0.56) per share for the current fiscal year, with EPS estimates ranging from ($0.61) to ($0.51). For the next fiscal year, analysts forecast that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.61) to ($0.29). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Ideal Power.
A number of brokerages recently weighed in on IPWR. Oppenheimer reissued a “market perform” rating on shares of Ideal Power in a research note on Friday, November 16th. Zacks Investment Research raised Ideal Power from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. CIBC reissued a “market perform” rating on shares of Ideal Power in a research note on Friday, November 16th. HC Wainwright set a $2.00 price objective on Ideal Power and gave the company a “buy” rating in a research note on Friday, November 16th. Finally, Citigroup downgraded Ideal Power from an “outperform” rating to a “market perform” rating in a research note on Friday, November 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.58.
Ideal Power Company Profile
Ideal Power, Inc engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. It has developed the patented Power Packet Switching Architecture power conversion technology.
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