PowerFleet Inc reports results for the quarter ended in December - Earnings Summary

PowerFleet

12/03/2024 13:31

* PowerFleet Inc  PWFL.OQ  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -8 cents.  The mean expectation of three analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -14 cents to -7 cents per share.
    * Revenue rose 4.2% to $34.50 million from a year ago;
analysts
expected $34.34 million. 
    * PowerFleet Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $4.57 million.
    * PowerFleet Inc shares had fallen by 15.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for PowerFleet Inc is
$6.50 
This summary was machine generated from LSEG data March 12 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.10          -0.13          Missed
 Sep. 30 2023      -0.07          -0.14          Missed
 Jun. 30 2023      0.00           -0.12          Missed
 Mar. 31 2023      -0.06          -0.09          Missed