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Compared to Estimates, Xerox Holdings Corporation (XRX) Q3 Earnings: A Look at Key Metrics
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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.
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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Compared to Estimates, Xerox Holdings Corporation (XRX) Q3 Earnings: A Look at Key Metrics
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.