$710,000.00 in Sales Expected for Ideal Power Inc. (IPWR) This Quarter

Equities research analysts expect Ideal Power Inc. (NASDAQ:IPWR) to report sales of $710,000.00 for the current quarter, Zacks reports. Six analysts have issued estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $1.50 million and the lowest estimate coming in at $400,000.00. Ideal Power posted sales of $370,000.00 in the same quarter last year, which suggests a positive year-over-year growth rate of 91.9%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Ideal Power will report full year sales of $710,000.00 for the current financial year, with estimates ranging from $1.39 million to $2.50 million. For the next year, analysts anticipate that the business will post sales of $12.41 million per share, with estimates ranging from $10.08 million to $16.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Ideal Power.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $0.40 million for the quarter, compared to analyst estimates of $0.61 million. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. Ideal Power’s revenue was up .0% on a year-over-year basis.

A number of equities analysts have weighed in on IPWR shares. B. Riley restated a “buy” rating and issued a $5.00 target price on shares of Ideal Power in a research note on Monday, November 13th. Roth Capital set a $2.00 target price on Ideal Power and gave the stock a “hold” rating in a research note on Saturday, November 25th. Zacks Investment Research upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Wednesday, November 15th. Finally, HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Ideal Power in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $4.13.

Ideal Power (IPWR) opened at $1.40 on Friday. The firm has a market capitalization of $19.45, a PE ratio of -1.46 and a beta of 1.39. Ideal Power has a one year low of $1.10 and a one year high of $3.86.

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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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