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Pitney Bowes (PBI), NMPi Tie Up to Boost Marketing Solutions
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In a bid to fortify its ecommerce portfolio, premium ecommerce solutions provider, Pitney Bowes Inc. (PBI - Free Report) recently announced that it has joined forces with digital advertising agency, NMPi. This strategic partnership will help Pitney Bowes to enhance its consumer marketing solutions, including international paid-search campaigns, social media advertising and shopping experiences.
Leveraging on NMPi’s capabilities, Pitney Bowes’ cross-border offering will be able to handle all facets of enterprise retail expansion. NMPi will help the company improve its consumer marketing and customer engagement components as well. Retailers have a tough time managing digital marketing across 220 different countries and territories, especially when they are eyeing opportunities to grow revenue through cross-border ecommerce.
Pitney Bowes and NMPi will co-develop performance-based digital marketing solutions to help a broad array of retailers, ranging from fashion to travel in addressing their needs. The company believes the retailers’ cross-border revenue streams can be compounded by effective digital marketing solutions. Pitney Bowes remains confident that high consumer demand and incremental revenue growth of retailers will eventually help it boost its global ecommerce business revenues.
Over the past three months, shares of the company have gained 18.6%, almost three times the Zacks categorized Office Automation and Equipment industry’s average gain of 6.3%. Speaking of catalysts, Pitney Bowes’ Global Ecommerce business continues to be one of the strongest profit churners. In less than five years, Global Ecommerce has grown from a $20 million business to be worth over $400 million.
During the first quarter of 2017, Digital Commerce Solutions reported 9% year-over-year growth in sales to $166 million supported by strong Global Ecommerce business (up 17%). To further strengthen its ecommerce business, the Zacks Rank #3 (Hold) company plans to invest in shipping Application Program Interface. This will help Pitney Bowes to boost domestic shipping business, support retailers in generating consumer demand and take up investments to expand its cross-border offerings.
Please note that brokers are on the sidelines for the stock as its earnings estimates have remained unchanged over the month. The Zacks Consensus Estimate has remained steady at $1.75 over the same time frame.
Stocks to Consider
Some better-ranked stocks in the industry are listed below.
Applied Optoelectronics, Inc. I) has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Adobe Systems Incorporated (ADBE - Free Report) holds the same Zacks Rank as Pitney Bowes and has generated an average earnings surprise of 8.1% over the trailing four quarters, with beats each time.
Broadcom Limited (AVGO - Free Report) has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters. It sports a Zacks Rank #1.
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Pitney Bowes (PBI), NMPi Tie Up to Boost Marketing Solutions
In a bid to fortify its ecommerce portfolio, premium ecommerce solutions provider, Pitney Bowes Inc. (PBI - Free Report) recently announced that it has joined forces with digital advertising agency, NMPi. This strategic partnership will help Pitney Bowes to enhance its consumer marketing solutions, including international paid-search campaigns, social media advertising and shopping experiences.
Leveraging on NMPi’s capabilities, Pitney Bowes’ cross-border offering will be able to handle all facets of enterprise retail expansion. NMPi will help the company improve its consumer marketing and customer engagement components as well. Retailers have a tough time managing digital marketing across 220 different countries and territories, especially when they are eyeing opportunities to grow revenue through cross-border ecommerce.
Pitney Bowes and NMPi will co-develop performance-based digital marketing solutions to help a broad array of retailers, ranging from fashion to travel in addressing their needs. The company believes the retailers’ cross-border revenue streams can be compounded by effective digital marketing solutions. Pitney Bowes remains confident that high consumer demand and incremental revenue growth of retailers will eventually help it boost its global ecommerce business revenues.
Over the past three months, shares of the company have gained 18.6%, almost three times the Zacks categorized Office Automation and Equipment industry’s average gain of 6.3%. Speaking of catalysts, Pitney Bowes’ Global Ecommerce business continues to be one of the strongest profit churners. In less than five years, Global Ecommerce has grown from a $20 million business to be worth over $400 million.
During the first quarter of 2017, Digital Commerce Solutions reported 9% year-over-year growth in sales to $166 million supported by strong Global Ecommerce business (up 17%). To further strengthen its ecommerce business, the Zacks Rank #3 (Hold) company plans to invest in shipping Application Program Interface. This will help Pitney Bowes to boost domestic shipping business, support retailers in generating consumer demand and take up investments to expand its cross-border offerings.
Please note that brokers are on the sidelines for the stock as its earnings estimates have remained unchanged over the month. The Zacks Consensus Estimate has remained steady at $1.75 over the same time frame.
Stocks to Consider
Some better-ranked stocks in the industry are listed below.
Applied Optoelectronics, Inc. I) has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Adobe Systems Incorporated (ADBE - Free Report) holds the same Zacks Rank as Pitney Bowes and has generated an average earnings surprise of 8.1% over the trailing four quarters, with beats each time.
Broadcom Limited (AVGO - Free Report) has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters. It sports a Zacks Rank #1.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>