iPower Inc. Expected to Earn Q4 2024 Earnings of $0.01 Per Share (NYSE:IPW)

iPower Inc. (NYSE:IPW) – Investment analysts at Roth Capital issued their Q4 2024 earnings estimates for iPower in a research report issued to clients and investors on Tuesday, June 25th. Roth Capital analyst S. Fortune expects that the company will earn $0.01 per share for the quarter. The consensus estimate for iPower’s current full-year earnings is ($0.10) per share. Roth Capital also issued estimates for iPower’s Q1 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.03 EPS.

Other equities research analysts have also issued reports about the company. Roth Mkm raised their price objective on iPower from $1.25 to $2.75 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com initiated coverage on shares of iPower in a research note on Thursday, June 20th. They set a “hold” rating for the company.

iPower Trading Down 1.7 %

NYSE IPW opened at $1.71 on Thursday. iPower has a 12 month low of $0.40 and a 12 month high of $3.65. The company’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $0.91.

iPower (NYSE:IPW) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. The business had revenue of $23.31 million for the quarter, compared to analysts’ expectations of $18.60 million. iPower had a negative net margin of 5.74% and a negative return on equity of 23.68%. During the same quarter last year, the company earned ($0.05) EPS.

Insider Transactions at iPower

In related news, CEO Chenlong Tan purchased 20,000 shares of iPower stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $1.54 per share, with a total value of $30,800.00. Following the completion of the transaction, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at $12,417,534.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 27.63% of the stock is currently owned by company insiders.

iPower Company Profile

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.