Pitney Bowes (PBI) is a Great Momentum Stock: Should You Buy?

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]