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Pitney Bowes Inc. (NYSE:PBI ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Alex Brown – Director, Investor Relations Lance Rosenzweig – Chief Executive Officer John Witek – Interim Chief Financial Officer Conference Call Participants Anthony Lebiedzinski – Sidoti David Steinhardt – Contrarian Capital Kartik Mehta – Northcoast Research Justin Dopierala – DOMO Capital Management Peter Sakon – CreditSights Matthew Swope – Baird Operator Good afternoon, and welcome to the Pitney Bowes Fourth Quarter and Full Year 2024 Earnings Release Call. Your lines have been placed in listen-only mode during the conference call until the question-and-answer segment.
Pitney Bowes (PBI) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.07 per share a year ago.
Pitney Bowes (PBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Pitney Bowes (PBI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
I'm buying back into Pitney Bowes despite its recent underperformance because the stock can offer a healthy premium over the risk-free 10-Year Treasury Note. My Vituperative Index indicates that negative crowd sentiment often signals a selling opportunity, as seen with Pitney Bowes' recent price drop. Pitney Bowes' dividend yield and potential capital gains make it a reasonable bargain compared to the 10-Year Treasury Note.
Pitney Bowes is undergoing a significant turnaround with $150-170 million in cost savings projected for 2024, making the stock a strong buy. The sale of the loss-making Global Ecommerce segment will eliminate $136 million in annualized losses, streamlining operations and boosting profitability. Despite high debt levels, PBI's strategic deleveraging efforts and cost-saving measures are expected to unlock capital for debt repayment and shareholder-friendly programs.
PBI stock presents an attractive investment opportunity, driven by its robust financial recovery, undervalued valuation and optimistic growth prospects.