Pitney Bowes Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pitney Bowes Inc. (NYSE:PBI) will unveil its latest earnings on Tuesday, November 1, 2011. 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 estimate of analysts is for net income of 54 cents per share, a decline of 1.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 55 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 54 cents during the last month. Analysts are projecting profit to rise by 0.9% versus last year to $2.21.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported profit of 52 cents per share versus a mean estimate of net income of 52 cents per share. In the first quarter, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.33 billion in revenue this quarter, a decline of 1.5% from the year ago quarter. Analysts are forecasting total revenue of $5.37 billion for the year, a decline of 1.1% from last year’s revenue of $5.43 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 second quarter, profit rose 64.4% to $100.9 million (49 cents a share) from $61.4 million (30 cents a share) the year earlier, meeting analyst expectations. Revenue rose 1.3% to $1.31 billion from $1.3 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 1.9% in the first quarter, 1.4% in the fourth quarter of the last fiscal year and 0.8% in the third quarter of the last fiscal year.

Competitors to Watch: Ricoh Company Ltd. (RICOY), Xerox Corporation (NYSE:XRX), ACCO Brands Corporation (NYSE:ABD), Smith Corona Corporation (SITM), Innovative Impact Design, Inc. (IIDG), Gunther International Ltd. (SORT), and Oce N.V. (OCENY).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $1.41 (7.4%) from $19.16 to $20.57. The stock price saw one of its best stretches over the last year between December 3, 2010 and December 20, 2010 when shares rose for 12-straight days, rising 8.5% (+$1.83) 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, falling 6.8% (-$1.33) over that span. Shares are down $2.46 (-10.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.