PowerFleet Q3 EPS $(0.14) Misses $(0.07) Estimate, Sales $34.20M Beat $33.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
PowerFleet (NASDAQ:PWFL) reported Q3 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.07) by 100 percent. This is a 450 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $34.20 million, beating the analyst consensus estimate of $33.85 million by 1.03 percent.
November 09, 2023 | 12:13 pm
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PowerFleet's Q3 earnings missed estimates significantly, while sales slightly beat estimates.
PowerFleet's significant miss on earnings estimates is likely to negatively impact the stock price in the short term. However, the slight beat on sales estimates may mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100