We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Xerox's (XRX) Q3 Earnings Surpass Estimates, Revenues Lag
Read MoreHide Full Article
Xerox Corporation (XRX - Free Report) reported third-quarter 2019 earnings per share of $1.08 (on an adjusted basis) which beat the Zacks Consensus Estimate by 23 cents. Earnings increased 23 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s third-quarter 2019 earnings remained unchanged at 85 cents per share over the last 30 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 5.5%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2,200 million which lagged the Zacks Consensus Estimate of $2,216 million. Also, revenues compared unfavorably with the year-ago figure of $2,352 million.
Key Stats to Note: Operating cash flow of $356 million increased $82 million year over year. Free cash flow of $339 million increased $88 million year over year.
Check back later for our full write up on this Xerox earnings report later!
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
Xerox's (XRX) Q3 Earnings Surpass Estimates, Revenues Lag
Xerox Corporation (XRX - Free Report) reported third-quarter 2019 earnings per share of $1.08 (on an adjusted basis) which beat the Zacks Consensus Estimate by 23 cents. Earnings increased 23 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s third-quarter 2019 earnings remained unchanged at 85 cents per share over the last 30 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 5.5%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2,200 million which lagged the Zacks Consensus Estimate of $2,216 million. Also, revenues compared unfavorably with the year-ago figure of $2,352 million.
Xerox Corporation Price
Xerox Corporation price | Xerox Corporation Quote
Key Stats to Note: Operating cash flow of $356 million increased $82 million year over year. Free cash flow of $339 million increased $88 million year over year.
Zacks Rank: Currently, Xerox has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Xerox earnings report later!
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>