Pioneer Power Solutions (NASDAQ:PPSI) Releases FY 2024 Earnings Guidance

Pioneer Power Solutions (NASDAQ:PPSI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.310-0.340 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $52.0 million-$54.0 million, compared to the consensus revenue estimate of $53.1 million.

Pioneer Power Solutions Stock Down 1.1 %

NASDAQ:PPSI traded down $0.07 during trading hours on Friday, reaching $6.09. 194,444 shares of the stock were exchanged, compared to its average volume of 157,586. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $5.12 and a two-hundred day moving average of $4.48. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $6.34 million for the quarter. Pioneer Power Solutions had a negative return on equity of 30.16% and a negative net margin of 14.02%. As a group, research analysts predict that Pioneer Power Solutions will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PPSI shares. StockNews.com upgraded Pioneer Power Solutions to a “sell” rating in a report on Saturday. HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of Pioneer Power Solutions in a research note on Thursday.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.