Xerox Corporation (XRX Quick QuoteXRX - Free Report) reported fourth-quarter 2018 earnings per share of $1.14 (on an adjusted basis) which missed the Zacks Consensus Estimate by 2 cents. Earnings increased 11 cents year over year.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Xerox’s fourth-quarter 2018 earnings remained unchanged at $1.16 per share over the last 30 days.

The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 1.3%.

Xerox Corporation Price

Revenues Lower Than Expected

Xerox recorded total revenues of $2,533 million which lagged the Zacks Consensus Estimate of $2,632 million. Also, revenues compared unfavorably with the year-ago figure of $2,747 million.

Key Stats to Note: Operating cash flow of $415 million increased $564 billion year over year. Free cash flow of $398 million increased $101 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!

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