Xerox Corporation (XRX Quick QuoteXRX - Free Report) reported second-quarter 2019 earnings per share of 99 cents (on an adjusted basis) which missed the Zacks Consensus Estimate by 6 cents. Earnings increased 19 cents year over year.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Xerox’s second-quarter 2019 earnings remained unchanged at 93 cents per share over the last 30 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 0.7%.

Revenues Lower Than Expected

Xerox recorded total revenues of $2,289 million which lagged the Zacks Consensus Estimate of $2,321 million. Also, revenues compared unfavorably with the year-ago figure of $2,510 million.

Xerox Corporation Price

Key Stats to Note: Operating cash flow of $313 million increased $78 million year over year. Free cash flow of $297 million increased $94 million year over year.

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 Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>