Pitney Bowes (NYSE: PBI) is expected to report Q3 earnings around Oct. 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Pitney Bowes's revenues will decrease -3.4% and EPS will wither -29.0%.
The average estimate for revenue is $1.26 billion. On the bottom line, the average EPS estimate is $0.49.
Revenue details
Last quarter, Pitney Bowes booked revenue of $1.25 billion. GAAP reported sales were 5.2% lower than the prior-year quarter's $1.31 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.50. GAAP EPS of $0.50 for Q2 were 2.0% higher than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 49.4%, 90 basis points worse than the prior-year quarter. Operating margin was 15.3%, 80 basis points better than the prior-year quarter. Net margin was 8.0%, 30 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $5.07 billion. The average EPS estimate is $2.01.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 284 members out of 340 rating the stock outperform, and 56 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Pitney Bowes a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pitney Bowes is hold, with an average price target of $17.75.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Pitney Bowes. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Pitney Bowes to My Watchlist.
