Northland Securities Predicts PowerFleet Q1 Earnings

PowerFleet, Inc. (NASDAQ:AIOT) – Northland Securities issued their Q1 2027 earnings per share estimates for shares of PowerFleet in a research report issued on Tuesday, February 10th. Northland Securities analyst G. Gibas forecasts that the company will post earnings per share of $0.00 for the quarter. The consensus estimate for PowerFleet’s current full-year earnings is ($0.32) per share. Northland Securities also issued estimates for PowerFleet’s Q2 2027 earnings at $0.01 EPS, Q3 2027 earnings at $0.02 EPS, Q4 2027 earnings at $0.02 EPS and FY2027 earnings at $0.05 EPS.

A number of other brokerages have also recently commented on AIOT. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of PowerFleet in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of PowerFleet in a research report on Wednesday, January 21st. Wall Street Zen raised shares of PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, William Blair reiterated an “outperform” rating on shares of PowerFleet in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

PowerFleet Trading Down 12.8%

AIOT opened at $4.17 on Wednesday. PowerFleet has a 1-year low of $3.70 and a 1-year high of $8.71. The company has a market cap of $558.03 million, a P/E ratio of -18.13 and a beta of 1.33. The company has a fifty day moving average price of $5.28 and a two-hundred day moving average price of $5.01. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

PowerFleet (NASDAQ:AIOT) last issued its earnings results on Monday, February 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $113.49 million during the quarter, compared to the consensus estimate of $111.69 million. PowerFleet had a negative return on equity of 5.31% and a negative net margin of 7.00%.

Hedge Funds Weigh In On PowerFleet

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of PowerFleet in the third quarter worth $31,000. CWM LLC grew its holdings in shares of PowerFleet by 784.9% during the third quarter. CWM LLC now owns 6,203 shares of the company’s stock worth $33,000 after purchasing an additional 5,502 shares in the last quarter. MGO One Seven LLC bought a new position in shares of PowerFleet in the fourth quarter worth approximately $55,000. Krilogy Financial LLC bought a new stake in PowerFleet during the fourth quarter valued at approximately $58,000. Finally, Brookwood Investment Group LLC purchased a new position in PowerFleet in the 3rd quarter worth approximately $59,000. 73.40% of the stock is owned by hedge funds and other institutional investors.

PowerFleet Company Profile

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.