Pitney-Bowes (PBI) Tops Q1 EPS by 3c

Pitney-Bowes (NYSE: PBI) reported Q1 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $915.2 million versus the consensus estimate of $873.86 million.

Full Year 2021 Expectations:

The Company’s full year 2021 expectations are consistent with what was communicated last quarter. The Company expects annual revenue to grow in the low-to-mid single digit range, making 2021 the fifth consecutive year of constant currency growth. The Company expects adjusted EPS to grow over prior year driven largely by improvement in Global Ecommerce, which is expected to be EBITDA positive for the full year. The Company also expects lower free cash flow primarily due to specific items that benefited 2020 and are not expected to continue at the same level in 2021.

For earnings history and earnings-related data on Pitney-Bowes (PBI) click here.

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