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

Pitney Bowes

02/11/2023 13:33

* Pitney Bowes Inc  PBI.N  reported quarterly breakeven
results​​
per share for the quarter ended in September, identical to the
same quarter last year.  The mean expectation of two analysts
for the quarter was for a loss of 2 cents per share. 
    * Revenue fell 5.7% to $783.75 million from a year ago;
analysts
expected $766.29 million. 
    * Pitney Bowes Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * Pitney Bowes Inc shares had risen by 5.0% this quarter and
lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 300%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.01          -0.02          Missed
 Mar. 31 2023      0.00           -0.01          Missed
 Dec. 31 2022      0.08           0.06           Missed