Mailing firm Pitney Bowes' Q1 prelim profit beats, co raises 2026 outlook

Pitney Bowes

21/04/2026 13:10

Overview

US digital shipping and mailing firm's preliminary Q1 revenue declined 3% but beat analyst expectations

Preliminary adjusted EPS rose yr/yr and beat analyst estimates

Company raised full-year guidance for revenue, adjusted EBIT, adjusted EPS, and free cash flow

Outlook

Pitney Bowes raises full-year 2026 revenue guidance to $1.8 bln-$1.86 bln from $1.76 bln-$1.86 bln

Company lifts full-year 2026 adjusted EPS outlook to $1.50-$1.65 from $1.40-$1.60

Pitney Bowes cites early-year outperformance and increased sales momentum as reasons for raising guidance

Result Drivers

SENDTECH REVENUE - Co said broad-based revenue strength in SendTech contributed to Q1 results

PRESORT WINS - Competitive wins in Presort supported results, per CEO Kurt Wolf

COST MANAGEMENT - Continued cost management across business units contributed to results, according to management

Company press release: ID:nBwc7zHlma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$477 mln
$460.68 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.47
$0.37 (6 Analysts)
Q1 Adjusted EBIT
Beat
$130 mln
$106.28 mln (5 Analysts)
Q1 Free Cash Flow
$44 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the office equipment peer group is "buy."

Wall Street's median 12-month price target for Pitney Bowes Inc is $12.00, about 9% below its April 20 closing price of $13.19

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)