Stock Analysis
- United States
- /
- Trade Distributors
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- NasdaqCM:IPW
iPower Second Quarter 2024 Earnings: Misses Expectations
iPower (NASDAQ:IPW) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$16.8m (down 13% from 2Q 2023).
- Net loss: US$1.91m (loss narrowed by 42% from 2Q 2023).
- US$0.064 loss per share (improved from US$0.11 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
iPower Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are up 19% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for iPower that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:IPW
iPower
Operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States.
Excellent balance sheet and fair value.