Xerox Holdings Corp <XRX.O>: Profits of 18 cents per share anticipated for first quarter

April 17, 2023 08:32 PM AEST | By Reuters
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17 April 2023 10:32 a.m. All figures in US dollars. Xerox Holdings Corp is expected to show an increase in its first quarter earnings to 18 cents​ per share according to the mean Refinitiv estimate from four analysts. Wall Street expects results to range from 10 cents to ​33 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Sell". This includes three "Hold", * The average consensus recommendation for the office equipment peer group is also "Sell". FORECAST CHANGES * Five analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate is unchanged from 18 cents. Estimates ranged from a high of 33 cents to a low of 10 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the five analysts providing estimates is $13.25. YEAR OVER YEAR * The company is expected to report a rise in revenue to $1.74 billion from $1.67 billion in the same quarter last year. * The current quarter consensus estimate of 18 cents per share implies a gain of 248.33 percent from the same quarter last year when the company reported -12 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Dec. 31 2022 0.49 0.89 Beat Sep. 30 2022 0.40 0.19 Missed Jun. 30 2022 0.08 0.13 Beat Mar. 31 2022 0.13 -0.12 Missed This summary was machine generated from Refinitiv data April 17 at 10:32 a.m..


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