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 Corporation (XRX - Free Report) reported third-quarter 2018 earnings per share of 85 cents (on an adjusted basis) which surpassed the Zacks Consensus Estimate by 8 cents. Earnings decreased 4 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s third-quarter 2018 earnings remained unchanged at 77 cents per share over the last 60 days.
The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 1.9%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2.35 billion which lagged the Zacks Consensus Estimate of $2.42 billion. Also, revenues compared unfavorably with the year-ago figure of $2.49 billion.
Key Stats to Note: Xerox has raised its cash flow guidance for full year. The company now expects operating cash flow to be in the range of $ 1 billion to $1.1 billion compared with the previous guidance of $900-$1.1 billion. Free cash flow is now anticipated to be in the range of $900 million to $1 billion compared with the previous guidance of $750-$950 million.
Check back later for our full write up on this Xerox earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Xerox (XRX) Beats Q3 Earnings Estimates, Misses Revenues
Xerox Corporation (XRX - Free Report) reported third-quarter 2018 earnings per share of 85 cents (on an adjusted basis) which surpassed the Zacks Consensus Estimate by 8 cents. Earnings decreased 4 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s third-quarter 2018 earnings remained unchanged at 77 cents per share over the last 60 days.
The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 1.9%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2.35 billion which lagged the Zacks Consensus Estimate of $2.42 billion. Also, revenues compared unfavorably with the year-ago figure of $2.49 billion.
Xerox Corporation Price
Xerox Corporation Price | Xerox Corporation Quote
Key Stats to Note: Xerox has raised its cash flow guidance for full year. The company now expects operating cash flow to be in the range of $ 1 billion to $1.1 billion compared with the previous guidance of $900-$1.1 billion. Free cash flow is now anticipated to be in the range of $900 million to $1 billion compared with the previous guidance of $750-$950 million.
Zacks Rank: Currently, Xerox has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. 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!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>