Xerox Holdings Corp reports results for the quarter ended in January 1 - Earnings Summary

Xerox Holdings

29/10/2024 14:20

* Xerox Holdings Corp  XRX.OQ  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