Ideal Power Inc. (IPWR) to Release Quarterly Earnings on Thursday

Ideal Power Inc. (NASDAQ:IPWR) will issue its quarterly earnings data after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.51 million. Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%. On average, analysts expect Ideal Power to post $-0.89 EPS for the current fiscal year and $-0.6 EPS for the next fiscal year.

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A number of research analysts recently issued reports on the stock. HC Wainwright set a $4.00 target price on shares of Ideal Power and gave the company a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Ideal Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, ValuEngine downgraded shares of Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.00.

Ideal Power Company Profile

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.

Earnings History for Ideal Power (NASDAQ:IPWR)

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