Wall Street analysts predict that Ideal Power Inc (NASDAQ:IPWR) will post earnings per share of ($0.14) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ideal Power’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.17). Ideal Power posted earnings of ($0.23) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 39.1%. The firm is expected to announce its next quarterly earnings report on Thursday, August 9th.
On average, analysts expect that Ideal Power will report full year earnings of ($0.56) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.34). For the next fiscal year, analysts expect that the business will report earnings of ($0.32) per share, with EPS estimates ranging from ($0.60) to ($0.17). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, May 10th. The industrial products company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Ideal Power had a negative return on equity of 75.12% and a negative net margin of 833.16%. The company had revenue of $0.18 million during the quarter, compared to analyst estimates of $0.32 million.
Shares of Ideal Power traded up $0.01, reaching $1.18, during midday trading on Thursday, according to Marketbeat Ratings. The company had a trading volume of 56,853 shares, compared to its average volume of 51,851. Ideal Power has a one year low of $1.06 and a one year high of $3.29. The firm has a market cap of $16.38 million, a PE ratio of -1.51 and a beta of 1.10.
Ideal Power Company Profile
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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