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Xerox (XRX) Misses Q4 Earnings and Revenue Estimates

Xerox CorporationXRX reported fourth-quarter 2018 earnings per share of $1.14 (on an adjusted basis) which missed the Zacks Consensus Estimate by 2 cents. Earnings increased 11 cents year over year.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Xerox's fourth-quarter 2018 earnings remained unchanged at $1.16 per share over the last 30 days.

The company has a decen t earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 1.3%.

Xerox Corporation Price

Xerox Corporation Price | Xerox Corporation Quote

Revenues Lower Than Expected

Xerox recorded total revenues of $2,533 million which lagged the Zacks Consensus Estimate of $2,632 million. Also, revenues compared unfavorably with the year-ago figure of $2,747 million.

Key Stats to Note : Operating cash flow of $415 million increased $564 billion year over year. Free cash flow of $398 million increased $101 million year over year.

Zacks Rank : Currently, Xerox has a Zacks Rank #3 (Hold) but that could change following the company's earnings report which was just released. 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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