Core Viewpoint - Investors are encouraged to consider Pitney Bowes (PBI) due to solid improvements in earnings estimates and positive short-term price momentum, which may continue as the earnings outlook improves [1] Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Pitney Bowes' earnings prospects, which is expected to positively influence its stock price [2] - There has been strong consensus among analysts in raising earnings estimates, significantly increasing the consensus estimates for the next quarter and the full year [3] Current-Quarter Estimates - For the current quarter, Pitney Bowes is expected to earn 1.21 per share, representing a +47.56% change from the prior year [5] - Similar to the current quarter, one estimate has moved higher in the past month with no negative revisions, resulting in a 12.04% increase in the consensus estimate [5] Zacks Rank - Pitney Bowes currently holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating a strong potential for outperformance [6] - Research shows that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6] Stock Performance - Over the past four weeks, Pitney Bowes shares have increased by 34.1%, suggesting that investors are responding positively to the company's impressive estimate revisions [7]
Surging Earnings Estimates Signal Upside for Pitney Bowes (PBI) Stock