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

Pitney Bowes

03/05/2024 10:40

* Pitney Bowes Inc  PBI.N  reported a quarterly adjusted
loss of 1
cent​​ per share for the quarter ended in March, identical to
the same quarter last year.  The mean expectation of
two analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -5 cents to -4
cents per share.
    * Revenue fell 0.5% to $830.51 million from a year ago;
analysts
expected $797.00 million. 
    * Pitney Bowes Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * Pitney Bowes Inc shares had risen by 21.2% this
quarter and
gained 19.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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 $5.00 
This summary was machine generated from LSEG data May 3 at 09:40
a.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
 Mar. 31 2024      -0.04          -0.01          Beat
 Dec. 31 2023      0.02           0.07           Beat
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.01          -0.02          Missed