PowerFleet Q2 EPS $(0.12) Misses $(0.02) Estimate, Sales $32.05M Miss $34.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
PowerFleet (NASDAQ:PWFL) reported Q2 losses of $(0.12) per share, missing the analyst consensus estimate of $(0.02) by 500%. The company also reported quarterly sales of $32.05 million, missing the estimate of $34.18 million by 6.23%. This represents a 340% decrease in earnings and a 7.35% decrease in sales compared to the same period last year.
August 08, 2023 | 11:13 am
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PowerFleet's Q2 results missed estimates significantly, with a 500% larger loss per share and a 6.23% lower sales than expected. This could negatively impact the company's stock in the short term.
PowerFleet's Q2 results missed estimates by a large margin, both in terms of earnings per share and sales. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100