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

Xerox Holdings

25/07/2024 14:07

* Xerox Holdings Corp  XRX.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 44 cents.  The mean expectation of five analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 38 cents to 47 cents per share.
    * Revenue fell 10% to $1.58 billion from a year ago;
analysts
expected $1.60 billion. 
    * Xerox Holdings Corp's reported EPS for the quarter was 11
cents​.
    * Xerox Holdings Corp shares had risen by 1.4% this
quarter and
lost 35.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $14.00 
This summary was machine generated from LSEG data July 25 at
01:07 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
 Jun. 30 2024      0.35           0.29           Missed
 Mar. 31 2024      0.35           0.06           Missed
 Dec. 31 2023      0.52           0.43           Missed
 Sep. 30 2023      0.36           0.46           Beat