On Tuesday, Xerox XRX will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Wall Street analysts see Xerox reporting earnings of 86 cents per share on revenue of $2.19 billion.
In the same quarter last year, Xerox announced EPS of 85 cents on revenue of $2.35 billion. Sales would be down 6.89% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 0.880 | 1.04 | 0.78 | |
| EPS Actual | 0.990 | 0.910 | 1.14 | 0.85 |
Stock Performance
Over the last 52-week period, shares are up 9.99%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Xerox stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Xerox is scheduled to hold the call at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/7iiqrvx4
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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