The company just took an important step to get a big albatross off of its back.Pitney Bowes (PBI 11.27%) has agreed to liquidate much of its money-losing e-commerce business with the help of Hilco Global. Investors are cheering the news, sending Pitney Bowes shares up as much as 35% at the open and up 14% as of 11:30 a.m. ET.A big step toward a turnaroundShares of shipping company Pitney Bowes have lost about half their value since the beginning of 2021, with the company weighed down by some poor decisions ...

Pitney Bowes (PBI) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this mailing equipment and software company would post a loss of $0.04 per share when it actually produced a loss of $0.01, delivering a surprise of 75%.Over the last fou ...

Exhibit 99.1 1 Press Release Pitney Bowes Announces Financial Results for Second Quarter of Fiscal Year 2024 and Provides a Progress Update on Strategic Initiatives Company Updates Full Year Guidance Following Recent Value-Enhancing Actions and Strong First-Half Performance STAMFORD, Conn, August 8, 2024 – Pitney Bowes (NYSE: PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the Company's financial resul ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for fast-moving stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Pitney Bowes (PBI) as a Momentum Stock - PBI has shown a price increase of 42.9% over the past four weeks, indicating growing investor interest [2] - Over the past 12 weeks, PBI's stock gained 62.6%, demonstrating its ability to deliver positive returns over a longer timeframe [3] - PBI has a beta of 1.99, suggesting it moves 99% higher than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - PBI has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [3] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [4] - PBI is trading at a Price-to-Sales ratio of 0.38, indicating it is reasonably valued at 38 cents for each dollar of sales [4] Group 4: Additional Investment Opportunities - Besides PBI, there are other stocks that meet the criteria of 'Fast-Paced Momentum at a Bargain' [5] - The Zacks Premium Screens offer various strategies to identify potential winning stocks based on different investing styles [5]

Tony Anderson Introduction to Pitney Bowes Pitney Bowes (NYSE:PBI) has a long history, but its most recent one is not very encouraging. The company has been around for 104 years, offering Business Service such as mailing equipment, software, e-commerce technologies and shipment services. The company even owns its own bank, a tribute to the diversity of services it provides. Share price (under)performance Since its peak in 1998, around $66 per share, the company has been in a vicious decline. The last te ...

Pitney Bowes (PBI) has been beaten down lately with too much selling pressure. While the stock has lost 11.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that m ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established price movements for profitable trades [1] Company Overview: Pitney Bowes (PBI) - Pitney Bowes currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][6] - The stock has shown a price increase of 3.24% over the past week, aligning with the Zacks Office Automation and Equipment industry's performance [3] Price Performance - Over the last three months, PBI shares have risen by 30.54%, and over the past year, they have increased by 43.24%, significantly outperforming the S&P 500, which rose by 5.22% and 26.6% respectively [4] - The average 20-day trading volume for PBI is 1,387,450 shares, indicating a bullish trend as the stock is rising with above-average volume [4] Earnings Outlook - In the past two months, one earnings estimate for PBI has increased, raising the consensus estimate from $0.01 to $0.02 for the full year, with no downward revisions noted [5] - For the next fiscal year, one estimate has also moved upwards, reflecting positive sentiment regarding PBI's earnings potential [5]

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Pitney Bowes (PBI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Pitney Bowes is a member of our Computer and Technology group, which includes 619 different companies and currently sits at #11 in the Zacks Sect ...