* Xerox Holdings Corp reported quarterly adjusted earnings of 25 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of five analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 44 cents to 59 cents per share.
* Revenue fell 7.5% to $1.53 billion from a year ago; analysts expected $1.63 billion.
* Xerox Holdings Corp's reported EPS for the quarter was a loss of $9.71.
* Xerox Holdings Corp shares had fallen by 1.0% this quarter and lost 43.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 6.9% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 3 "sell" or "strong sell."
* The average consensus recommendation for the office equipment peer group is also "sell"
Wall Street's median 12-month price target for Xerox Holdings Corp is 10.75 This summary was machine generated from LSEG data October 29 at 02:19 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.51 0.25 Missed
Jun. 30 2024 0.43 0.29 Missed
Mar. 31 2024 0.35 0.06 Missed
Dec. 31 2023 0.52 0.43 Missed
Comments