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Xerox's (XRX) Q2 Earnings Beat Estimates, Revenues Lag
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Xerox Holdings Corporation (XRX - Free Report) reported second-quarter 2020 earnings per share of 15 cents (on an adjusted basis) which beat the Zacks Consensus Estimate by 3 cents. Earnings declined year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s second-quarter 2020 earnings declined 52% over the past 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 1.4%.
Xerox recorded total revenues of $1,465 million which lagged the Zacks Consensus Estimate of $1,545 million. Revenues compared unfavorably with the year-ago figure.
Key Stats to Note: The company generated $34 million of cash from continuous operations in the quarter and free cash flow was $15 million.
Check back later for our full write up on this Xerox earnings report later!
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The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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Xerox's (XRX) Q2 Earnings Beat Estimates, Revenues Lag
Xerox Holdings Corporation (XRX - Free Report) reported second-quarter 2020 earnings per share of 15 cents (on an adjusted basis) which beat the Zacks Consensus Estimate by 3 cents. Earnings declined year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s second-quarter 2020 earnings declined 52% over the past 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 1.4%.
Xerox Corporation Price
Xerox Corporation price | Xerox Corporation Quote
Revenues Lower Than Expected
Xerox recorded total revenues of $1,465 million which lagged the Zacks Consensus Estimate of $1,545 million. Revenues compared unfavorably with the year-ago figure.
Key Stats to Note: The company generated $34 million of cash from continuous operations in the quarter and free cash flow was $15 million.
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!
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>