Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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 Inc. (NYSE:PBI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Alex Brown - Director, Investor Relations. Lance Rosenzweig - Interim CEO & Director John Witek - Interim Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Matthew Swope - Robert W.
Pitney Bowes has a deal to liquidate its global e-commerce unit, which has been a drain on operations. Management is making good on its pledge to clean up operations, an encouraging sign for investors.
Pitney Bowes (PBI) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.02 per share a year ago.
Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Pitney Bowes is preparing to divest or shut down its unprofitable GEC division. This should immediately add $136m in adjusted EBIT on an annual basis. There are hidden growth opportunities within the remaining company, such as smart Parcel Lockers and digital SaaS tools, which seem to be ignored by the market. PBI recently increased identified cost-savings from $80m to $140m. It also plans to free up $200m in cash to (likely) pay down highly yielding debt.
Pitney Bowes (PBI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.