Pitney Bowes Inc reports results for the quarter - Earnings Summary

Pitney Bowes

08/11/2024 20:58

* Pitney Bowes Inc  PBI.N  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported breakeven earnings
per share.  The mean expectation of two analysts for the quarter
was for earnings of 14 cents per share. Wall Street expected
results to range from 13 cents to 15 cents per share.
    * Revenue fell 36.3% to $499.46 million from a year ago;
analysts
expected $467.80 million. 
    * Pitney Bowes Inc's reported EPS for the quarter was a loss
of 75
cents​.
    * The company reported a quarterly loss of $138.47 million.
    * Pitney Bowes Inc shares had risen by 12.9% this
quarter and
gained 83.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2,900%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the office
equipment
peer group is also "hold"

Wall Street's median 12-month price target for Pitney Bowes Inc
is 15.00 
This summary was machine generated from LSEG data November 8 at
08:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.14           0.21           Beat
 Jun. 30 2024      -0.07          0.03           Beat
 Mar. 31 2024      -0.04          -0.01          Beat
 Dec. 31 2023      0.02           0.07           Beat