Xerox Holdings Corporation (XRX)
Xerox Holdings: Earnings Growth Remains Fundamentally Challenged
I maintain a sell rating on Xerox Holdings due to fundamental business challenges and poor earnings growth prospects. XRX missed its FY24 guidance, with 3Q24 revenue declining 7.5% y/y and profitability metrics falling short of consensus estimates. Despite some progress in the reinvention plan, structural headwinds and execution issues continue to hinder meaningful revenue growth.
Xerox Q3 Results: A Successful Turnaround Plan, Or The Way Of The Dodo?
Xerox Holdings Corporation's Q3 results were disappointing, missing analysts' estimates and resulting in a 21% share price drop, reflecting poor performance and lowered guidance. The company's reinvention plan focuses on stabilizing its core print business, increasing efficiency, and embracing IT and digital services, but faces significant challenges. Xerox's financial health is concerning, with $521M in cash against $2.75B in long-term debt, and a declining demand for printing services.
Xerox (XRX) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Xerox (XRX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Xerox Holdings Corporation (XRX) Lags Q3 Earnings and Revenue Estimates
Xerox Holdings Corporation (XRX) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.46 per share a year ago.
Xerox Holdings: Remain Sell Rated As Business Is Still Unlikely To Hit FY24 Guidance
I remain sell-rated, as I expect Xerox Holdings to miss FY24 guidance. Weak Q2 results reinforced the sell rating, with no signs of improvement and a downward revision of FY24 guidance. Concerns about XRX's ability to achieve cost savings, margin improvement, and revenue growth led to a continued sell rating.
Xerox Holdings (XRX) Stock Loses 9% Since Q2 Earnings Miss
Xerox Holdings' (XRX) second-quarter 2024 earnings and revenues decrease year over year.
Xerox Holdings Corporation (XRX) Q2 2024 Earnings Call Transcript
Xerox Holdings Corporation (NASDAQ:XRX ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants David Beckel - VP, IR Steve Bandrowczak - CEO John G. Bruno - President and COO Xavier Heiss - CFO Conference Call Participants Ananda Baruah - Loop Capital Samik Chatterjee - J.P.
Compared to Estimates, Xerox (XRX) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Xerox (XRX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Xerox Holdings Corporation (XRX) Q2 Earnings and Revenues Lag Estimates
Xerox Holdings Corporation (XRX) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.44 per share a year ago.
Xerox: A Recent Plunge Makes This 9% Yielder A Strong Buy
Xerox stock has plunged, now yielding about 9% and trading at 5 times earnings, showing potential upside. This company's slow growth and low valuation are reminiscent of past tech giants like Microsoft and Meta Platforms. Xerox's strategic plan, potential growth drivers, and high dividend yield make it an interesting long-term investment option.
Why You Should Retain Xerox (XRX) in Your Portfolio Now
Xerox's (XRX) bottom line is benefiting from "Project Own It," an enterprise-wide transformation initiative aimed at increasing productivity and operational efficiency.
Xerox Initiated at Sell. It's ‘a Show Me Stock,' Citi Says.
Citi analysts initiate shares of the workplace technology company at Sell with a price target of $11.
