Xerox Holdings Corporation (XRX - Free Report) will report second-quarter 2022 results on Jul 26, before the bell.
The company’s earnings surprise history has not been impressive. It has a trailing four-quarter average earnings surprise of -33.16%.
Expectations This Time Around
The Zacks Consensus Estimate for Xerox’s revenues in the to-be-reported quarter is pegged at $1.73 billion, indicating a decline of 3.7% from the year-ago actual figure. Decline in equipment sales due to continued supply chain disruptions is expected to have negatively impacted the top line in the quarter.
The consensus mark for earnings stands at 12 cents per share, indicating a 74.5% year-over-year decline. Incremental costs related to supply chain disruptions and investments in new business are likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for Xerox this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Xerox has an Earnings ESP of 0.00% and Zacks Rank #5 (Strong Sell).
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their earnings this season:
Automatic Data Processing (ADP - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
ADP has an expected earnings growth rate of 16% for the current year. It has a trailing four-quarter earnings surprise of 6.2%, on average.
Booz Allen Hamilton (BAH - Free Report) has an Earnings ESP of +4.41% and a Zacks Rank of 3.
Booz Allen has an expected earnings growth rate of 3.3% for the current year. BAH has a trailing four-quarter earnings surprise of 9.5%, on average.
Avis Budget Group (CAR - Free Report) has an Earnings ESP of +22.33% and is Zacks #2 Ranked.
Avis Budget has an expected earnings growth rate of 74.4% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Xerox Holdings Corporation (XRX - Free Report) will report second-quarter 2022 results on Jul 26, before the bell.
The company’s earnings surprise history has not been impressive. It has a trailing four-quarter average earnings surprise of -33.16%.
Expectations This Time Around
The Zacks Consensus Estimate for Xerox’s revenues in the to-be-reported quarter is pegged at $1.73 billion, indicating a decline of 3.7% from the year-ago actual figure. Decline in equipment sales due to continued supply chain disruptions is expected to have negatively impacted the top line in the quarter.
The consensus mark for earnings stands at 12 cents per share, indicating a 74.5% year-over-year decline. Incremental costs related to supply chain disruptions and investments in new business are likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for Xerox this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Xerox has an Earnings ESP of 0.00% and Zacks Rank #5 (Strong Sell).
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their earnings this season:
Automatic Data Processing (ADP - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
ADP has an expected earnings growth rate of 16% for the current year. It has a trailing four-quarter earnings surprise of 6.2%, on average.
Booz Allen Hamilton (BAH - Free Report) has an Earnings ESP of +4.41% and a Zacks Rank of 3.
Booz Allen has an expected earnings growth rate of 3.3% for the current year. BAH has a trailing four-quarter earnings surprise of 9.5%, on average.
Avis Budget Group (CAR - Free Report) has an Earnings ESP of +22.33% and is Zacks #2 Ranked.
Avis Budget has an expected earnings growth rate of 74.4% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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