We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Xerox Holdings Corporation (XRX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (Revised)
Read MoreHide Full Article
For the quarter ended June 2023, Xerox Holdings Corporation (XRX - Free Report) reported revenue of $1.75 billion, up 0.4% over the same period last year. EPS came in at $0.44, compared to $0.13 in the year-ago quarter.
The reported revenue represents a surprise of -1.22% over the Zacks Consensus Estimate of $1.78 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
Revenue- Financing: $49 million compared to the $50.80 million average estimate based on two analysts. The reported number represents a change of -5.8% year over year.
Revenue- Supplies, paper and other sales: $276 million versus $291.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
Revenue- Equipment sales: $420 million versus $412.69 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.8% change.
Revenue- Services, maintenance and rentals: $1.01 billion versus $1.01 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.
Revenue- Post sale revenue: $1.33 billion versus $1.36 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
Shares of Xerox Holdings Corporation have returned +8.6% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on July 25, 2023, should no longer be relied upon.)
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Xerox Holdings Corporation (XRX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (Revised)
For the quarter ended June 2023, Xerox Holdings Corporation (XRX - Free Report) reported revenue of $1.75 billion, up 0.4% over the same period last year. EPS came in at $0.44, compared to $0.13 in the year-ago quarter.
The reported revenue represents a surprise of -1.22% over the Zacks Consensus Estimate of $1.78 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
View all Key Company Metrics for Xerox Holdings Corporation here>>>
Shares of Xerox Holdings Corporation have returned +8.6% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on July 25, 2023, should no longer be relied upon.)