Shipping and mailing solutions provider Pitney Bowes (NYSE: PBI) will be reporting earnings this Wednesday after market close. Here’s what to look for.
Pitney Bowes missed analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $461.9 million, down 5.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and full-year revenue guidance missing analysts’ expectations.
Is Pitney Bowes a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Pitney Bowes’s revenue to decline 6.4% year on year to $467.4 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share.
Analysts covering the company have generally 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 twice since going public.
Looking at Pitney Bowes’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. UniFirst’s revenues decreased 4% year on year, beating analysts’ expectations by 1.1%, and Cintas reported revenues up 8.7%, topping estimates by 0.9%. UniFirst traded down 10.2% following the results while Cintas’s stock price was unchanged.
Read our full analysis of UniFirst’s results here and Cintas’s results here.
Investors in the business services & supplies segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Pitney Bowes is up 5.8% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $11.87).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
