Powerfleet, Inc. reports results for the quarter ended June 30 - Earnings Summary
Powerfleet, Inc. reports results for the quarter ended June 30 - Earnings Summary
Powerfleet, Inc. AIOT.OQ reported a quarterly adjusted loss of 6 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -8 cents. 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 -2 cents to -1 cents per share.
Revenue rose 6.4% to $110.79 million from a year ago; analysts expected $115.73 million.
Powerfleet, Inc.'s reported EPS for the quarter was a loss of 6 cents.
The company reported a quarterly loss of $8.44 million.
Powerfleet, Inc. shares had risen by 15.1% this quarter and lost 17.1% so far this year.
FORECAST CHANGES
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 7 "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 $9.50, about 53.6% above its last closing price of $4.41
This summary was machine generated from LSEG data August 10 at 01:31 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 |
Jun. 30 2026 | -0.02 | -0.06 | Missed |
Mar. 31 2026 | -0.01 | -0.02 | Missed |
Dec. 31 2025 | 0.01 | -0.03 | Missed |
Sep. 30 2025 | 0.01 | -0.03 | Missed |
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Powerfleet, Inc. reports results for the quarter ended June 30 - Earnings Summary
Powerfleet Q1 revenue, adjusted EBITDA miss estimates
Corrected: BRIEF-Powerfleet Q1 Net Income USD -8.4 Million