Powerfleet (AIOT) Projected to Post Quarterly Earnings on Tuesday

Powerfleet (NASDAQ:AIOT) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $103.79 million for the quarter. Powerfleet has set its FY 2025 guidance at EPS.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). On average, analysts expect Powerfleet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Powerfleet Price Performance

Powerfleet stock opened at $5.93 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.21 and a quick ratio of 1.02. The business’s fifty day simple moving average is $6.62 and its two-hundred day simple moving average is $5.99. Powerfleet has a 12 month low of $2.88 and a 12 month high of $8.71.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AIOT shares. William Blair reissued an “outperform” rating on shares of Powerfleet in a report on Thursday, November 21st. Northland Securities boosted their target price on Powerfleet from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Lake Street Capital boosted their target price on Powerfleet from $7.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Powerfleet in a report on Thursday, February 13th.

Powerfleet Company Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.