Pitney Bowes (NYS: PBI) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pitney Bowes missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP earnings per share expanded significantly.
Gross margins improved, operating margins dropped, and net margins increased.
Pitney Bowes notched revenue of $1.34 billion. The three analysts polled by S&P Capital IQ expected to see revenue of $1.37 billion. GAAP sales were 6.5% lower than the prior-year quarter's $1.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.61. The four earnings estimates compiled by S&P Capital IQ predicted $0.59 per share on the same basis. GAAP EPS of $1.29 for Q4 were 316% higher than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.1%, 20 basis points better than the prior-year quarter. Operating margin was 16.3%, 10 basis points worse than the prior-year quarter. Net margin was 19.2%, 1,480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.30 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $5.26 billion. The average EPS estimate is $2.14.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 248 members rating the stock outperform and 48 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Pitney Bowes a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pitney Bowes is hold, with an average price target of $20.50.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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