Pitney Bowes Inc reports results for the quarter ended March 31 - Earnings Summary

• Pitney Bowes Inc PBI.N reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of two analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 26 cents to 28 cents per share.

• Revenue fell 40.6% to $493.42 million from a year ago; analysts expected $497.91 million.

• Pitney Bowes Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $35.42 million.

• Pitney Bowes Inc shares had held steady so far this quarter and gained 25.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the office equipment peer group is also "hold"

• Wall Street's median 12-month price target for Pitney Bowes Inc is $17.00

This summary was machine generated from LSEG data May 8 at 12:52 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)