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

Ipower

14/02/2024 23:18

* iPower Inc  IPW.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -11
cents.  The lone analyst forecast for the quarter was for a loss
of 5 cents per share. 
    * Revenue fell 12.7% to $16.80 million from a year ago;
analysts
expected $24.30 million. 
    * iPower Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $1.91 million.
    * iPower Inc shares had risen by 31.1% 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 online
services
peer group is also "buy"

Wall Street's median 12-month price target for iPower Inc is
$1.50 
This summary was machine generated from LSEG data February 14 at
11:18 p.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      -0.05          -0.06          Missed
 Sep. 30 2023      -0.06          -0.04          Beat
 Jun. 30 2023      -0.03          -0.10          Missed
 Mar. 31 2023      -0.06          -0.05          Beat