Pitney Bowes (NYSE:PBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$499.5m (down 36% from 3Q 2023).
• Net income: US$122.6m (up from US$12.5m loss in 3Q 2023).
• Profit margin: 25% (up from net loss in 3Q 2023).
• EPS: US$0.67 (up from US$0.071 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pitney Bowes Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the US are expected to grow by 7.1%.

The company's shares are up 5.3% from a week ago.

Risk Analysis

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