Xerox Corporation (XRX - Free Report) reported fourth-quarter 2020 earnings per share of 58 cents (on an adjusted basis) which miss the Zacks Consensus Estimate by 60 cents. Earnings declined 75 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s fourth-quarter 2020 earnings increased 5% 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 24.3%.
Xerox Corporation Price
Revenues Higher Than Expected
Xerox recorded total revenues of $1,930 million which surpassed the Zacks Consensus Estimate of $1,894 million. Also, revenues compared unfavorably with the year-ago figure of $2,444 million.
Key Stats to Note: Operating cash flow of $235 million decreased $163 million year over year. Free cash flow of $221 million decreased $160 million year over year.
Zacks Rank: Currently, Xerox has a Zacks Rank #5 (Strong Sell). 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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Xerox Corporation (XRX - Free Report) reported fourth-quarter 2020 earnings per share of 58 cents (on an adjusted basis) which miss the Zacks Consensus Estimate by 60 cents. Earnings declined 75 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s fourth-quarter 2020 earnings increased 5% 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 24.3%.
Xerox Corporation Price
Revenues Higher Than Expected
Xerox recorded total revenues of $1,930 million which surpassed the Zacks Consensus Estimate of $1,894 million. Also, revenues compared unfavorably with the year-ago figure of $2,444 million.
Key Stats to Note: Operating cash flow of $235 million decreased $163 million year over year. Free cash flow of $221 million decreased $160 million year over year.
Zacks Rank: Currently, Xerox has a Zacks Rank #5 (Strong Sell). 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!
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year. These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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