* PowerFleet Inc 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
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