Pitney Bowes Earnings: Here’s Why Shares are Up Now

Pitney Bowes Inc. (NYSE:PBI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.83%.

Pitney Bowes Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4% to $0.52 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Decreased 7.05% to $1.16 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Pitney Bowes Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.43. It missed the average revenue estimate of $1.19 billion.

Quoting Management: “Pitney Bowes is making solid progress on its transformative journey to improve the growth profile and profitability of the business,” said Marc Lautenbach, President and Chief Executive Officer. “The actions we have taken over the last six months and the results for this quarter are consistent with the Company’s long-term strategies that we detailed at Analyst Day in May.”

Key Stats (on next page)…

Revenue decreased 0.77% from $1.17 billion in the previous quarter. EPS increased 23.81% from $0.42 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.46 to a profit $0.45. For the current year, the average estimate has moved down from a profit of $1.88 to a profit of $1.85 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)