Pitney Bowes' exit from the struggling Global Ecommerce business and cost optimization efforts have led to improved profitability and cash flow. Hestia Capital's influence on the board and strategic plans aim to streamline operations and enhance shareholder value, despite initial resistance. The company's focus on Presort Services and SendTech Solutions, along with debt reduction, positions it for future growth and profitability.
PBI stock offers a compelling investment opportunity, given its strong financial recovery, undervalued stock price and promising growth outlook.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Pitney Bowes (PBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Pitney Bowes is changing for the better under new management with the right business priorities. The GEC exit frees PBI from its major past drawback. Successful deleveraging will lead to a reevaluation by the market.
Pitney Bowes (PBI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
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.
Pitney Bowes Inc. (NYSE:PBI ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Alex Brown - Director, Investor Relations. Lance Rosenzweig - Chief Executive Officer & Board Member John Witek - Interim Chief Financial Officer Kurt Wolf - Board Member Conference Call Participants Anthony Lebiedzinski - Sidoti & Company David Steinhardt - Contrarian Capital Justin Dopierala - DOMO Capital Management Kartik Mehta - Northcoast Research Operator Good afternoon, and welcome to the Pitney Bowes Third Quarter 2024 Earnings Release Call.
Pitney Bowes (PBI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to break-even earnings per share a year ago.