Ideal Power: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ideal Power (NASDAQ:IPWR) reported Q3 earnings with an EPS of $-0.44, missing estimates by 10.0% compared to the expected $-0.4. Revenue declined by $9 thousand from the same period last year. In the previous quarter, the company beat EPS estimates by $0.05, which led to a 5.56% share price increase the following day.
November 14, 2023 | 2:25 pm
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Ideal Power reported a Q3 EPS of $-0.44, missing the estimate by 10%. Revenue decreased by $9 thousand year-over-year. Previously, a positive EPS surprise led to a significant stock price increase.
The earnings miss is likely to negatively impact investor sentiment in the short term, as the company did not meet the earnings expectations and reported a decrease in revenue. Historically, the stock has shown sensitivity to earnings reports, as seen by the previous quarter's positive reaction to an EPS beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100