A Preview Of PowerFleet's Earnings
Portfolio Pulse from Benzinga Insights
PowerFleet (NASDAQ:PWFL) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a mixed track record, with the last quarter missing EPS estimates by $0.04, leading to a 0.48% drop in share price the following day. Over the last year, PWFL shares have decreased by 3.87%, indicating potential concern among long-term shareholders ahead of the earnings announcement. Investors will be keenly watching for both the earnings outcome and the company's future guidance.
March 11, 2024 | 6:01 pm
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NEUTRAL IMPACT
PowerFleet is expected to report an EPS of $-0.10 for the latest quarter. Historical performance shows a mixed impact on stock price post-earnings, with a notable 0.48% drop after last quarter's miss. Shares have declined 3.87% over the past year, indicating potential investor concern.
Given PowerFleet's mixed past earnings performance and the recent downward trend in its stock price, the upcoming earnings report could maintain the current stock price level if it meets or exceeds expectations. However, the historical sensitivity of the stock to earnings performance and guidance suggests a neutral short-term impact, as positive results could counterbalance the negative trend, while any disappointment could reinforce it.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100