For its first fiscal quarter (ending March 31), Pitney Bowes Inc. (NYSE: PBI) has reported E.P.S. of $-0.02 compared to $-0.04 a year ago. This performance was $-0.05 short of the consensus estimate of $0.03. For the latest four quarters through March 31, E.P.S. were $-2.17 compared to $0.05 a year ago — a decline of -4440%.
Recent Price Action
On 5/2/24, Pitney Bowes Inc. (NYSE: PBI) stock enjoyed a major increase of 24.7%, closing at $5.25. Moreover, exceptionally high trading volume at 433% of normal accompanied the advance. The stock has risen 23.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PBI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Pitney Bowes is currently unrated.
Rating Review
The stock is currently unrated.
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