Pitney Bowes Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pitney Bowes Inc. (NYSE:PBI) will unveil its latest earnings on Monday, May 7, 2012. Pitney Bowes provides mail processing equipment and integrated mail solutions, including postage meters and office supplies.

Pitney Bowes Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 50 cents per share, a decline of 5.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.12 per share, a decline of 6.2% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 61 cents per share, and the previous quarter, it had profit of 69 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 2.3% in revenue from the year-earlier quarter to $1.29 billion.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Pitney Bowes with two of three analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than fourfold to $257.5 million ($1.28 a share) from $63 million (30 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 6.5% to $1.34 billion from $1.43 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 64.4% in the second quarter of the last fiscal year and 94.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 3.4% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price fell $1.13 (-6%), from $18.90 to $17.77. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011, when shares rose for six straight days, increasing 7.6% (+$1.40) over that span. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight days, dropping 6.8% (-$1.28) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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