Northland Securities Forecasts PowerFleet Q3 Earnings

PowerFleet, Inc. (NASDAQ:AIOT) – Equities research analysts at Northland Securities decreased their Q3 2027 earnings per share (EPS) estimates for PowerFleet in a research report issued to clients and investors on Tuesday, August 11th. Northland Securities analyst G. Gibas now forecasts that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.02. The consensus estimate for PowerFleet’s current full-year earnings is $0.17 per share.

PowerFleet (NASDAQ:AIOT) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. PowerFleet had a positive return on equity of 0.48% and a negative net margin of 4.16%.The firm had revenue of $110.79 million during the quarter, compared to analysts’ expectations of $115.54 million.

A number of other brokerages also recently issued reports on AIOT. Raymond James Financial downgraded PowerFleet from an “outperform” rating to a “market perform” rating in a research note on Tuesday. UBS Group set a $7.00 price target on shares of PowerFleet in a research report on Tuesday, June 16th. Craig Hallum dropped their price objective on shares of PowerFleet from $9.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen upgraded shares of PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Barrington Research set a $10.00 target price on shares of PowerFleet in a research note on Monday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.40.

PowerFleet Stock Performance

NASDAQ AIOT opened at $2.84 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 1.13. The stock’s fifty day moving average is $4.03 and its two-hundred day moving average is $3.75. The firm has a market capitalization of $381.21 million, a P/E ratio of -20.28 and a beta of 1.43. PowerFleet has a fifty-two week low of $2.78 and a fifty-two week high of $5.88.

PowerFleet announced that its Board of Directors has authorized a share repurchase plan on Tuesday, June 30th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On PowerFleet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIOT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PowerFleet by 1.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,082 shares of the company’s stock worth $888,000 after purchasing an additional 2,871 shares during the last quarter. Connors Investor Services Inc. lifted its position in PowerFleet by 5.7% in the fourth quarter. Connors Investor Services Inc. now owns 56,000 shares of the company’s stock valued at $298,000 after buying an additional 3,000 shares during the last quarter. R Squared Ltd lifted its position in PowerFleet by 40.6% in the fourth quarter. R Squared Ltd now owns 16,073 shares of the company’s stock valued at $86,000 after buying an additional 4,640 shares during the last quarter. Royal Bank of Canada boosted its stake in PowerFleet by 76.9% during the first quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $34,000 after buying an additional 4,883 shares during the period. Finally, Clarus Group Inc. boosted its stake in PowerFleet by 26.7% during the first quarter. Clarus Group Inc. now owns 25,790 shares of the company’s stock worth $79,000 after buying an additional 5,434 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.

Key Stories Impacting PowerFleet

Here are the key news stories impacting PowerFleet this week:

• Positive Sentiment: PowerFleet reported adjusted first-quarter fiscal 2027 EPS of $(0.01), ahead of the $(0.02) analyst consensus. Operating cash flow rose 79% year over year to $8.4 million, supporting the company’s liquidity and execution story. PowerFleet Reports Results for First Quarter Fiscal 2027
• Positive Sentiment: Services revenue increased 9.1% to $94.3 million, accounting for 85% of total revenue. PowerFleet also issued fiscal 2026 revenue guidance of $468 million to $473 million, above the $442.3 million consensus estimate, and analysts’ average price target was reported at $9.67. PowerFleet Receives $9.67 Average Price Target from Analysts
• Neutral Sentiment: Reported short interest was listed at zero shares, with a zero-day short-interest ratio. Because the data also showed an “NaN” percentage change, it provides no meaningful evidence of changing short-selling pressure. PowerFleet Short Interest Information
• Negative Sentiment: Quarterly revenue came in at $110.8 million, below the $115.5 million consensus estimate. The revenue miss, continued negative net margin of 4.63%, and concerns about weaker aspects of the outlook overshadowed the EPS beat, prompting a sharp selloff in the shares. PowerFleet Shares Tumble as Revenue Miss and Guidance Overshadow Earnings Beat

About PowerFleet

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.