* PowerFleet Inc 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
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