Shipping and mailing solutions provider Pitney Bowes (NYSE: PBI) will be reporting earnings this Tuesday after market hours. Here’s what to look for.
Pitney Bowes missed analysts’ revenue expectations last quarter, reporting revenues of $477.6 million, down 7.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ full-year EPS guidance estimates.
Is Pitney Bowes a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Pitney Bowes’s revenue to decline 3.4% year on year, improving from the 5.3% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pitney Bowes has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Pitney Bowes’s peers in the industrial & environmental services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CECO Environmental delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 4.1%, and Tetra Tech reported a revenue decline of 4.9%, topping estimates by 4.8%. CECO Environmental traded up 11.6% following the results while Tetra Tech was also up 1.4%.
Read our full analysis of CECO Environmental’s results here and Tetra Tech’s results here.
There has been positive sentiment among investors in the industrial & environmental services segment, with share prices up 10.1% on average over the last month. Pitney Bowes is up 40.1% during the same time and is heading into earnings with an average analyst price target of $15.05 (compared to the current share price of $15.49).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
