Powerfleet (AIOT) Expected to Announce Earnings on Tuesday

Powerfleet (NASDAQ:AIOT) is expected to release its earnings data before the market opens on Tuesday, March 11th. Analysts expect Powerfleet to post 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 posted its earnings results on Monday, February 10th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Down 1.2 %

AIOT opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.21. Powerfleet has a fifty-two week low of $2.88 and a fifty-two week high of $8.71. The company’s 50-day moving average is $6.62 and its 200 day moving average is $5.99.

Analysts Set New Price Targets

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

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.