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

PowerFleet

09/05/2023 14:31

* PowerFleet Inc  PWFL.OQ  reported a quarterly adjusted
loss of 9
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 6 cents per share.
    * Revenue fell 1% to $32.84 million from a year ago;
analysts
expected $33.40 million. 
    * PowerFleet Inc's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 38.5%
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 18.7% this quarter and
gained 3.7% so far this year.
    * The company reported quarterly net income of $3.49
million.
    * Wall Street's median 12-month price target for PowerFleet
Inc is
$7.00 
    * 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 May
9 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.12          -0.04          Beat