PowerFleet Inc reports results for the quarter ended September 30 - Earnings Summary

PowerFleet

12/11/2024 15:36

* PowerFleet Inc  AIOT.OQ  reported a quarterly adjusted
loss of 2
cents​​ per share for the quarter ended September 30.  The mean
expectation of six analysts for the quarter was for a loss of 2
cents per share. Wall Street expected results to range from -9
cents to 2 cents per share.
    * Revenue was $77.02 million​; analysts expected $74.39
million. 
    * PowerFleet Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $1.89 million.
    * PowerFleet Inc shares had risen by 9.8% this quarter and
gained 60.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 255.5% 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 8 "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
9.00 
This summary was machine generated from LSEG data November 12 at
03:36 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
 Sep. 30 2024      -0.02          -0.02          Met
 Jun. 30 2024      -0.10          -0.21          Missed
 Mar. 31 2024      -0.10          -0.55          Missed