iPower Inc. (NYSE:IPW) to Post Q4 2024 Earnings of $0.01 Per Share, Roth Capital Forecasts

iPower Inc. (NYSE:IPW) – Equities researchers at Roth Capital issued their Q4 2024 earnings estimates for shares of iPower in a research note issued on Tuesday, June 25th. Roth Capital analyst S. Fortune anticipates 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.

iPower (NYSE:IPW) last issued its earnings results on Tuesday, May 14th. The company reported $0.05 EPS 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 the consensus estimate 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 period in the prior year, the firm earned ($0.05) EPS.

IPW has been the topic of a number of other reports. StockNews.com started coverage on shares of iPower in a research note on Friday. They issued a “hold” rating on the stock. Roth Mkm increased their price objective on shares of iPower from $1.25 to $2.75 and gave the company a “buy” rating in a research note on Tuesday.

iPower Price Performance

Shares of IPW stock opened at $2.08 on Thursday. The company has a market capitalization of $62.03 million, a P/E ratio of -12.23 and a beta of 4.13. The company’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $0.93. iPower has a one year low of $0.40 and a one year high of $3.65.

Insider Activity

In other iPower news, CEO Chenlong Tan acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $1.54 per share, for a total transaction of $30,800.00. Following the completion of the purchase, the chief executive officer now owns 8,063,334 shares in the company, valued at $12,417,534.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 27.63% of the company’s stock.

About iPower

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.