Xerox (NYSE: XRX) reported earnings on Oct. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Xerox met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank.

Margins contracted across the board.

Revenue details
 Xerox logged revenue of $5.42 billion. The seven analysts polled by S&P Capital IQ expected a top line of $5.50 billion on the same basis. 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
 EPS came in at $0.25. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share. 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.

Margin details
 For the quarter, gross margin was 31.0%, 170 basis points worse than the prior-year quarter. Operating margin was 6.1%, 190 basis points worse than the prior-year quarter. Net margin was 5.2%, 50 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $5.95 billion. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $22.55 billion. The average EPS estimate is $1.08.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 549 members out of 621 rating the stock outperform, and 72 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Xerox a green thumbs-up, and 15 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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