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Benzinga

Recap: PowerFleet Q1 Earnings

 

PowerFleet (NASDAQ:PWFL) reported its Q1 earnings results on Tuesday, May 10, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

PowerFleet beat estimated earnings by 40.0%, reporting an EPS of $-0.06 versus an estimate of $-0.1.

Revenue was up $4.17 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 3.1% increase in the share price the next day.

Here's a look at PowerFleet's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.09 -0.06 -0.08 -0.07
EPS Actual -0.01 -0.01 0.03 0
Revenue Estimate 31.63M 33.46M 31.01M 28.99M
Revenue Actual 34.42M 29.25M 33.55M 28.99M

To track all earnings releases for PowerFleet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.