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Ahead of PowerFleet (AIOT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from PowerFleet (AIOT - Free Report) is expected to reveal quarterly earnings of $0.00 per share, indicating an increase of 100% compared to the year-ago period. Analysts forecast revenues of $112.89 million, representing an increase of 8.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific PowerFleet metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Revenue- Service' to come in at $91.96 million. The estimate suggests a change of +12.5% year over year.
Analysts forecast 'Revenue- Product' to reach $20.96 million. The estimate points to a change of -4.1% from the year-ago quarter.
Analysts predict that the 'Gross profit- Product' will reach $6.55 million. Compared to the present estimate, the company reported $3.71 million in the same quarter last year.
The average prediction of analysts places 'Gross profit- Service' at $56.88 million. The estimate is in contrast to the year-ago figure of $51.05 million.
Shares of PowerFleet have experienced a change of +20.7% in the past month compared to an unchanged 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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Ahead of PowerFleet (AIOT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from PowerFleet (AIOT - Free Report) is expected to reveal quarterly earnings of $0.00 per share, indicating an increase of 100% compared to the year-ago period. Analysts forecast revenues of $112.89 million, representing an increase of 8.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific PowerFleet metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Revenue- Service' to come in at $91.96 million. The estimate suggests a change of +12.5% year over year.
Analysts forecast 'Revenue- Product' to reach $20.96 million. The estimate points to a change of -4.1% from the year-ago quarter.
Analysts predict that the 'Gross profit- Product' will reach $6.55 million. Compared to the present estimate, the company reported $3.71 million in the same quarter last year.
The average prediction of analysts places 'Gross profit- Service' at $56.88 million. The estimate is in contrast to the year-ago figure of $51.05 million.
View all Key Company Metrics for PowerFleet here>>>Shares of PowerFleet have experienced a change of +20.7% in the past month compared to an unchanged 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 >>>> .