This software company beat earnings estimates by seven cents last quarter and eight analysts have recently increased their forecasts. The shares are rated a “Strong Buy” by Zacks, based on double-digit growth. Our other two recommendations are for sells of two companies with declining prospects.
Buy: Fleetmatics Group PLC (FLTX)
From The Oberweis Report
Fleetmatics Group PLC (FLTX) is a leading global provider of fleet management solutions delivered as software-as-a-service, or SaaS. The company’s mobile software platform enables businesses to meet the challenges associated with managing their local fleets of commercial vehicles and improve productivity by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.
Fleetmatics offers intuitive, cost-effective Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue.
The company’s integrated, full-featured mobile workforce management application provides additional efficiencies related to job management by empowering the field worker and expediting the job completion process from quote through payment.
As of December 31, 2014, the company had approximately 25,000 customers who collectively deployed FLTX’ solutions in approximately 552,000 vehicles worldwide. The substantial majority of its customers are small and medium-sized businesses, or SMBs, each of which deploys these solutions in 500 or fewer vehicles.
In the company’s latest reported third quarter, sales increased approximately 22% to $73.5 million from $60.4 million in the third quarter of last year. Fleetmatics reported earnings per share of $.41 in the latest reported third quarter versus $.29 in the same quarter of last year.
Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323-6166, December 2015