Pitney Bowes Lifts Outlook on Improving Sales Trends, Robust 1Q

Dow Jones04-21 20:26

By Connor Hart

Pitney Bowes raised its full-year outlook and said it expects to log higher-than-expected earnings and revenue in the first quarter, following what Chief Executive Kurt Wolf called a robust start to the year.

Shares rose 8%, to $14.24, in premarket trading Tuesday. Through Monday's close, the stock is up nearly 70% over the past year.

The shipping-software company now expects adjusted earnings of $1.50 to $1.65 a share for the year, up from a prior outlook of $1.40 to $1.60 a share. It raised the floor of its revenue outlook to $1.8 billion from $1.76 billion, while maintaining the high end at $1.86 billion.

Analysts polled by FactSet are looking for adjusted earnings of $1.47 a share on revenue of $1.82 billion for the year.

Wolf said improving sales trends, coupled with strong execution and continued cost management, gave the company the confidence to boost its outlook.

For the first quarter, Pitney Bowes expects to report adjusted earnings of about 47 cents a share, ahead of Wall Street models for 37 cents a share. Revenue is projected to come in at roughly $477 million, also topping analyst views for $465.9 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 21, 2026 08:26 ET (12:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Through Monday's close, the stock is up nearly 70% over the past year. \n\n\n  The shipping-software company now expects adjusted earnings of $1.50 to $1.65 a share for the year, up from a prior outlook of $1.40 to $1.60 a share. It raised the floor of its revenue outlook to $1.8 billion from $1.76 billion, while maintaining the high end at $1.86 billion. \n\n\n  Analysts polled by FactSet are looking for adjusted earnings of $1.47 a share on revenue of $1.82 billion for the year. \n\n\n  Wolf said improving sales trends, coupled with strong execution and continued cost management, gave the company the confidence to boost its outlook. \n\n\n  For the first quarter, Pitney Bowes expects to report adjusted earnings of about 47 cents a share, ahead of Wall Street models for 37 cents a share. 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