Wall Street analysts expect PowerFleet (AIOT) to post quarterly earnings of $0.02 per share in its upcoming report, which indicates a year-over-year increase of 100%. Revenues are expected to be $115.5 million, up 10.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain PowerFleet metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Service' should arrive at $94.95 million. The estimate suggests a change of +9.8% year over year.
Analysts' assessment points toward 'Revenue- Product' reaching $20.84 million. The estimate indicates a year-over-year change of +18%.
Analysts predict that the 'Gross profit- Product' will reach $6.12 million. The estimate compares to the year-ago value of $4.43 million.
According to the collective judgment of analysts, 'Gross profit- Service' should come in at $59.56 million. The estimate compares to the year-ago value of $52.05 million.
Shares of PowerFleet have experienced a change of +0.5% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AIOT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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