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 revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 1 "hold" and "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 |