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

Ipower

16/05/2023 06:35

* iPower Inc  IPW.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of 6 cents per
share.
    * Revenue fell 11.3% to $20.23 million from a year ago;
analysts
expected $19.40 million. 
    * iPower Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 500%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * iPower Inc shares had risen by 25.0% this quarter and
gained 67.5% so far this year.
    * The company reported a quarterly loss of $1.53 million.
    * Wall Street's median 12-month price target for iPower Inc
is
$1.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
16 at 05:35 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.06          -0.05          Beat
 Dec. 31 2022      -0.02          -0.11          Missed
 Sep. 30 2022      0.00           -0.04          Missed
 Jun. 30 2022      0.04           -0.05          Missed