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

PowerFleet

08/08/2023 14:32

* PowerFleet Inc  PWFL.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for breakeven
results per share.
    * Revenue fell 7.4% to $32.05 million from a year ago;
analysts
expected $34.63 million. 
    * PowerFleet Inc's reported EPS for the quarter was a loss
of 12
cents​.
    * The mean earnings estimate of analysts had risen by
about 85.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * PowerFleet Inc shares had fallen by 12.3% this quarter and
lost 2.2% so far this year.
    * The company reported a quarterly loss of $4.27 million.
    * Wall Street's median 12-month price target for PowerFleet
Inc is
$6.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           -0.12          Missed
 Mar. 31 2023      -0.06          -0.09          Missed
 Dec. 31 2022      -0.04          -0.08          Missed
 Sep. 30 2022      -0.09          -0.10          Missed