Xerox Corporation (NYSE:XRX) 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 decent 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
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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Xerox Corporation (XRX): Free Stock Analysis Report
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