With operations in more than 180 countries, Xerox Corporation (XRX - Free Report) is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, CT, this century-old firm has helped organizations transform the way they manage their business processes and information.
XRX has beaten earnings estimates once in the last four quarters, making for an average positive surprise of 3.91%. However, quite like its peers in the document industry, XRX is increasingly grappling with decreased demand for paper-related systems and products. With rising competition gradually weighing on margins, investors have been eagerly waiting for the company’s latest earnings report.
Currently, XRX has a Zacks Rank #3 (Hold), but that could definitely change following first-quarter 2017 earnings report which was just released.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: XRX missed earnings. The company reported adjusted EPS of 15 cents per share, which missed the Zacks Consensus Estimate by a penny.
Revenues: Revenues missed. XRX posted revenues of $2,454 million, which missed the Zacks Consensus Estimate of $2,494 million.
Key Stats to Note: Xerox reiterated its full-year 2017 guidance and continues to expect GAAP earnings in the range 44 -52 cents per share and adjusted EPS in the range 80-88 cents.The company continues to expect cash flow to be around $700 - $900 million, while free cash flow is likely to be in the range $525 - $725 million in 2017.
Stock Price: Shares prices fell in pre-market trading following the earnings release at the time of writing as investors probably expected a healthy earnings beat.
Check back later for our full write up on this XRX earnings report later!
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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 >>
With operations in more than 180 countries, Xerox Corporation (XRX - Free Report) is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, CT, this century-old firm has helped organizations transform the way they manage their business processes and information.
XRX has beaten earnings estimates once in the last four quarters, making for an average positive surprise of 3.91%. However, quite like its peers in the document industry, XRX is increasingly grappling with decreased demand for paper-related systems and products. With rising competition gradually weighing on margins, investors have been eagerly waiting for the company’s latest earnings report.
Currently, XRX has a Zacks Rank #3 (Hold), but that could definitely change following first-quarter 2017 earnings report which was just released.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: XRX missed earnings. The company reported adjusted EPS of 15 cents per share, which missed the Zacks Consensus Estimate by a penny.
Revenues: Revenues missed. XRX posted revenues of $2,454 million, which missed the Zacks Consensus Estimate of $2,494 million.
Key Stats to Note: Xerox reiterated its full-year 2017 guidance and continues to expect GAAP earnings in the range 44 -52 cents per share and adjusted EPS in the range 80-88 cents.The company continues to expect cash flow to be around $700 - $900 million, while free cash flow is likely to be in the range $525 - $725 million in 2017.
Stock Price: Shares prices fell in pre-market trading following the earnings release at the time of writing as investors probably expected a healthy earnings beat.
Check back later for our full write up on this XRX earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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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