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Pitney Bowes (PBI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.01 per share a year ago.
Over the past year or so, Wall Street has been fixated on the major tech companies, driven by AI-led growth. However, valuations for many of these tech giants are bloated, which makes penny stocks all the more attractive.
Investors can choose from an endless number of companies to achieve exponential returns, but finding the right opportunities and having perfect timing is complicated. For that, there are the penny stocks, which we can invest in to pursue high returns.
Pitney Bowes has announced a cost reduction program that could positively impact future free cash flow growth. The company expects new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business. The sale of assets and divisions in the past suggests that there may be new transactions in 2024, which could boost the company's balance sheet.
Pitney Bowes Inc. (PBI) Q4 2023 Earnings Call Transcript
Pitney Bowes (PBI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.06 per share a year ago.
As a new year approaches, now may be the time to pounce on the best penny stocks to buy and hold throughout 2024. It's safe to say that “penny stock territory,” is well-populated.
The equities market can feel like navigating through a fog while searching for the best penny stocks. Yet, amidst this uncertainty, a handful of names emerge as clear winners, displaying robust resilience and performance throughout the year.
Pitney Bowes Inc. (PBI) Q3 2023 Earnings Call Transcript
When it comes to stock predictions and penny stocks to buy, admittedly the near-term picture remains cloudy. Right now, it's unclear whether high interest rates, high inflation, and the still-present risk of a 2024 recession are fully priced-in by the stock market.