Pitney Bowes (PBI) Upgraded to Buy: Here's Why

Core Viewpoint - Pitney Bowes (PBI) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between earnings estimate revisions and stock price movements, suggesting that changes in earnings potential are a powerful driver of stock performance [4][6]. - For Pitney Bowes, the recent increase in earnings estimates reflects an improvement in the company's underlying business, likely leading to upward pressure on its stock price [5]. Earnings Estimate Revisions - Analysts project that Pitney Bowes will earn $1.21 per share for the fiscal year ending December 2025, representing a year-over-year increase of 47.6% [8]. - Over the past three months, the Zacks Consensus Estimate for Pitney Bowes has risen by 8%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - The upgrade of Pitney Bowes to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for the stock in the near term [10].