Pitney Bowes Inc reports results for the quarter ended in December - Earnings Summary

Pitney Bowes

01/02/2024 14:33

* Pitney Bowes Inc  PBI.N  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of two analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 1 cents to 3 cents per share.
    * Revenue fell 4.1% to $871.58 million from a year ago;
analysts
expected $849.85 million. 
    * Pitney Bowes Inc's reported EPS for the quarter was a loss
of
$1.27​.
    * Pitney Bowes Inc shares had fallen by 6.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.6%
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." 
    * Wall Street's median 12-month price target for Pitney
Bowes Inc
is $6.00 

This summary was machine generated from LSEG data February 1 at
02:33 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
 Dec. 31 2023      0.02           0.07           Beat
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.01          -0.02          Missed
 Mar. 31 2023      0.00           -0.01          Missed