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Xerox Holdings Corporation (XRX - Free Report) closed at $16.21 in the latest trading session, marking a -0.98% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.
The the stock of company has fallen by 0.61% in the past month, lagging the Industrial Products sector's gain of 0.39% and overreaching the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Xerox Holdings Corporation in its upcoming release. The company's earnings per share (EPS) are projected to be $0.37, reflecting a 24.49% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.58 billion, reflecting an 8.01% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2.27 per share and a revenue of $6.56 billion, demonstrating changes of +24.73% and -4.79%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Xerox Holdings Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Xerox Holdings Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Xerox Holdings Corporation's current valuation metrics, including its Forward P/E ratio of 7.2. This represents no noticeable deviation compared to its industry's average Forward P/E of 7.2.
The Office Supplies industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Xerox Holdings Corporation (XRX) Stock Dips While Market Gains: Key Facts
Xerox Holdings Corporation (XRX - Free Report) closed at $16.21 in the latest trading session, marking a -0.98% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.
The the stock of company has fallen by 0.61% in the past month, lagging the Industrial Products sector's gain of 0.39% and overreaching the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Xerox Holdings Corporation in its upcoming release. The company's earnings per share (EPS) are projected to be $0.37, reflecting a 24.49% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.58 billion, reflecting an 8.01% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2.27 per share and a revenue of $6.56 billion, demonstrating changes of +24.73% and -4.79%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Xerox Holdings Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Xerox Holdings Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Xerox Holdings Corporation's current valuation metrics, including its Forward P/E ratio of 7.2. This represents no noticeable deviation compared to its industry's average Forward P/E of 7.2.
The Office Supplies industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.