The chart below shows how PBI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PBI sees a +1.67% change in stock price 10 days leading up to the earnings, and a +6.98% change 10 days following the report. On the earnings day itself, the stock moves by +2.88%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Comparison Analysis: Revenue of $499 million compared to $503 million in the prior year, reflecting strong cash-generating business.
Improved Profitability Indicator: Adjusted EBIT of $103 million compared to $84 million in the prior year, indicating improved profitability.
Earnings Per Share Growth: Adjusted EPS of $0.21 per share compared to $0.16 per share in the prior year, showcasing earnings growth.
Strong Cash Generation: Free cash flow of $75 million compared to $56 million in the prior year, demonstrating strong cash generation capabilities.
EBIT Improvement Through Cost Reductions: Cost reductions improved EBIT by just over $22 million exiting the quarter at an approximate $90 million run rate.
Negative
Revenue Decline Analysis: Revenue decreased by 1% to $499 million compared to $503 million in the prior year.
Profitability Decline: Adjusted EBIT decreased to $103 million from $84 million in the prior year, indicating a significant drop in profitability.
Adjusted EPS Performance: Adjusted EPS increased to $0.21 per share, but this was still lower than expected due to higher taxes.
Free Cash Flow Decline: Free cash flow was reported at $75 million, which is a decrease from $91 million in the previous year, reflecting cash generation challenges.
Operating Expenses Decline: Operating expenses declined by $14 million or 11% year-over-year, but this was offset by higher variable compensation costs.
Pitney Bowes Inc. (PBI) Q3 2024 Earnings Call Transcript
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