Xerox
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Xerox's revenues will compress -1.6% and EPS will drop -12.1%.
The average estimate for revenue is $5.87 billion. On the bottom line, the average EPS estimate is $0.29.
Revenue details
Last quarter, Xerox booked revenue of $5.42 billion. GAAP reported sales were 2.9% lower than the prior-year quarter's $5.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.25. GAAP EPS of $0.21 for Q3 were 4.5% lower than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 31.0%, 170 basis points worse than the prior-year quarter. Operating margin was 7.1%, 90 basis points worse than the prior-year quarter. Net margin was 5.2%, 50 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $22.34 billion. The average EPS estimate is $1.04.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 563 members out of 637 rating the stock outperform, and 74 members rating it underperform. Among 176 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 160 give Xerox a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xerox is hold, with an average price target of $8.31.
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