Ideal Power Inc reports results for the quarter ended in December - Earnings Summary

Ideal Power

01/03/2024 10:08

* Ideal Power Inc  IPWR.OQ  reported a quarterly adjusted
loss
of 39 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -31 cents.  The lone analyst forecast for the quarter was
for a loss of 42 cents per share. 
    * Reported revenue was zero​; analysts expected zero. 
    * Ideal Power Inc's reported EPS for the quarter was a loss
of 39
cents​.
    * The company reported a quarterly loss of $2.41 million.
    * Ideal Power Inc shares had risen by 45.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Ideal Power Inc
is $18.00 
This summary was machine generated from LSEG data March 1 at
10:07 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.42          -0.39          Beat
 Sep. 30 2023      -0.43          -0.44          Missed
 Jun. 30 2023      -0.42          -0.37          Beat
 Mar. 31 2023      -0.35          -0.41          Missed