Ideal Power Q2 EPS $(0.31) Up From $(0.37) YoY, Sales $1.33K Miss $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Ideal Power (NASDAQ:IPWR) reported Q2 EPS of $(0.31), an improvement from $(0.37) YoY, but missed sales estimates significantly with $1.33K against the expected $100.00K.
August 14, 2024 | 1:23 pm
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Ideal Power reported a Q2 EPS of $(0.31), an improvement from $(0.37) YoY. However, the company missed sales estimates significantly, reporting $1.33K against the expected $100.00K.
While the EPS showed improvement, the significant miss on sales estimates and the drastic YoY sales decline are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100