Powerfleet (AIOT, Financial) is on track to achieve impressive financial outcomes for the current year, potentially surpassing its earlier projections. The company anticipates total revenue to reach approximately $362.5 million, marking a 25% increase from the previous year, consistent with previous forecasts. Adjusted EBITDA is projected to achieve a significant 65% growth year-over-year, amounting to roughly $71 million.
This year, Powerfleet successfully realized $16 million in annual cost synergies, with $11 million reflected in this fiscal year. When including an additional $5 million from fully realized run-rate synergies, the proforma adjusted EBITDA is expected to be $76 million, slightly above the earlier target of $75 million. Additionally, the company expects net adjusted debt to be around $230 million, which is an improvement compared to the previous estimate of $235 million.
The CEO, Steve Towe, highlighted fiscal 2025 as a transformative year, noting the significant growth and integration success within their core business, demonstrating robust demand and strategic advancements. These outcomes underscore the company's effective execution and strategic alignment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for PowerFleet Inc (AIOT, Financial) is $8.71 with a high estimate of $11.00 and a low estimate of $7.00. The average target implies an upside of 54.78% from the current price of $5.63. More detailed estimate data can be found on the PowerFleet Inc (AIOT) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, PowerFleet Inc's (AIOT, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PowerFleet Inc (AIOT, Financial) in one year is $1.97, suggesting a downside of 65.01% from the current price of $5.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PowerFleet Inc (AIOT) Summary page.
