Xerox's (XRX) Q1 Earnings Lag Estimates, Revenues Beat
Xerox Holdings Corporation XRX reported first-quarter 2020 earnings per share of 21 cents (on an adjusted basis) which miss the Zacks Consensus Estimate by 44 cents. Earnings declined year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s first-quarter 2020 earnings declined 34.3% over the past 30 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 16.2%.
Xerox Corporation Price
Xerox Corporation price | Xerox Corporation Quote
Revenues higher Than Expected
Xerox recorded total revenues of $1,860 million which surpassed the Zacks Consensus Estimate of $1,754 million. However, revenues compared unfavorably with the year-ago figure.
Key Stats to Note: Operating cash flow of $173 million decreased $49 million year over year. Free cash flow of $150 million declined $57 million year over year.
Zacks Rank: Currently, Xerox has a Zacks Rank #3 (Hold). 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!
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