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

Pitney Bowes

09/08/2024 24:42

* Pitney Bowes Inc  PBI.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of two analysts for the quarter was
for a loss of 7 cents per share. Wall Street expected results to
range from -8 cents to -6 cents per share.
    * Revenue rose 2.1% to $793.17 million from a year ago;
analysts
expected $771.65 million. 
    * Pitney Bowes Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $24.87 million.
    * Pitney Bowes Inc shares had risen by 11.2% this
quarter and
gained 28.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $9.00 
This summary was machine generated from LSEG data August 8 at
11:42 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
 Jun. 30 2024      -0.07          0.03           Beat
 Mar. 31 2024      -0.04          -0.01          Beat
 Dec. 31 2023      0.02           0.07           Beat
 Sep. 30 2023      -0.02          0.00           Beat