Pitney-Bowes (PBI) Tops Q2 EPS by 6c, Offers Guidance

Pitney-Bowes (NYSE: PBI) reported Q2 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $899 million versus the consensus estimate of $895.46 million.

GUIDANCE:

Pitney-Bowes sees FY2021 EPS of $0.35-$0.42, versus the consensus of $0.35.

• The Company’s full year 2021 expectations remain in-line with its previous communications. The Company continues to expect annual revenue to grow in the low-to-mid single digit range. The Company continues to expect adjusted EPS to grow over prior year driven largely by the improvement in Global Ecommerce, which is expected to be EBITDA positive for the full year. More specifically, adjusted EPS is expected to be in the range of $0.35 to $0.42. The Company also continues to expect lower free cash flow as compared to prior year primarily due to certain 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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