Xerox Holdings Corporation (XRX - Free Report) reported $1.65 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 5.7%. EPS of $0.46 for the same period compares to $0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.71 billion, representing a surprise of -3.46%. The company delivered an EPS surprise of +35.29%, with the consensus EPS estimate being $0.34.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Xerox Holdings Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- Go-to-Market Operations- Americas: $1.10 billion compared to the $1.12 billion average estimate based on two analysts.
- Geographic Revenue- Go-to-Market Operations- Other: $23 million versus $34.28 million estimated by two analysts on average.
- Geographic Revenue- Go-to-Market Operations- EMEA: $526 million compared to the $554.95 million average estimate based on two analysts.
- Revenue- Services, maintenance and rentals: $962 million versus $990.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Revenue- Sales: $644 million versus $671.60 million estimated by three analysts on average.
- Revenue- Supplies, paper and other sales: $258 million compared to the $277.20 million average estimate based on three analysts. The reported number represents a change of -14% year over year.
- Revenue- Equipment sales: $386 million versus $394.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Equipment sales- Other: $3 million versus the two-analyst average estimate of $4.90 million.
- Equipment sales- High-End: $67 million versus the two-analyst average estimate of $69.03 million.
- Equipment sales- Entry: $56 million versus $64.99 million estimated by two analysts on average.
- Revenue- Post sale revenue: $1.27 billion versus the two-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of -7%.
- Equipment sales- Mid-Range: $260 million compared to the $252.06 million average estimate based on two analysts.
View all Key Company Metrics for Xerox Holdings Corporation here>>>Shares of Xerox Holdings Corporation have returned -15.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Xerox Holdings Corporation (XRX - Free Report) reported $1.65 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 5.7%. EPS of $0.46 for the same period compares to $0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.71 billion, representing a surprise of -3.46%. The company delivered an EPS surprise of +35.29%, with the consensus EPS estimate being $0.34.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Xerox Holdings Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- Go-to-Market Operations- Americas: $1.10 billion compared to the $1.12 billion average estimate based on two analysts.
- Geographic Revenue- Go-to-Market Operations- Other: $23 million versus $34.28 million estimated by two analysts on average.
- Geographic Revenue- Go-to-Market Operations- EMEA: $526 million compared to the $554.95 million average estimate based on two analysts.
- Revenue- Services, maintenance and rentals: $962 million versus $990.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
- Revenue- Sales: $644 million versus $671.60 million estimated by three analysts on average.
- Revenue- Supplies, paper and other sales: $258 million compared to the $277.20 million average estimate based on three analysts. The reported number represents a change of -14% year over year.
- Revenue- Equipment sales: $386 million versus $394.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Equipment sales- Other: $3 million versus the two-analyst average estimate of $4.90 million.
- Equipment sales- High-End: $67 million versus the two-analyst average estimate of $69.03 million.
- Equipment sales- Entry: $56 million versus $64.99 million estimated by two analysts on average.
- Revenue- Post sale revenue: $1.27 billion versus the two-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of -7%.
- Equipment sales- Mid-Range: $260 million compared to the $252.06 million average estimate based on two analysts.
View all Key Company Metrics for Xerox Holdings Corporation here>>>Shares of Xerox Holdings Corporation have returned -15.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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