Pitney Bowes Inc. reports results for the quarter ended September 30 - Earnings Summary

• Pitney Bowes Inc. PBI.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 33 cents to 40 cents per share.

• Revenue fell 0.8% to $456.18 million from a year ago; analysts expected $452.68 million.

• Pitney Bowes Inc.'s reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $52.67 million.

• Pitney Bowes Inc. shares had risen by 5.9% this quarter and gained 63.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the office equipment peer group is "buy."

• Wall Street's median 12-month price target for Pitney Bowes Inc. is $18.50, about 5.7% above its last closing price of $17.44

This summary was machine generated from LSEG data October 28 at 09:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)