S&P 500 (NYSE:SPY) component Pitney Bowes (NYSE:PBI) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Pitney Bowes provides mail processing equipment and integrated mail solutions, including postage meters and office supplies.
Pitney Bowes Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 51 cents per share, a decline of 16.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 53 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 51 cents during the last month. Analysts are projecting profit to rise by 11.5% versus last year to $2.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 47 cents per share versus a mean estimate of profit of 48 cents per share. In the second quarter, the company beat estimates by one cent.
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A Look Back: In the third quarter, profit fell 55.7% to $76.5 million (38 cents a share) from $172.8 million (85 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.5% to $1.22 billion from $1.3 billion.
Here’s how Pitney Bowes traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: