Xerox Corporation (NYSE:XRX) provider of document management solutions, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.24 per share.
Looking ahead, the full year income are expected at $ 1.22 per share on the revenues of $ 6859.58 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,703.00 million ~ $ 8,703.00 million, where as bottomline are predicted in a range of $ 3.60 ~ $ 3.70 per share
Click Here For More Historical Outlooks Of Xerox Corporation
Previous Quarter Performance
Xerox Corporation disclosed income for the second quarter of $ 0.15 per share, from the revenue of $ 1,465.00 million. The quarterly earnings shrunk 84.85 percent while revenues shrunk 36.00 percent compared with the same quarter last year.
Street analysts expected Xerox Corporation to report loss of $ 0.07 per share on revenue of $ 1481.92 million for the second quarter. The bottom line results beat street analysts by $ 0.22 or 314.29 percent, at the same time, top line results fell short of analysts by $ 16.92 million or 1.14 percent.
Stock Performance
Shares of Xerox Corporation traded low $ -0.16 or -0.80 percent on Friday, reaching $ 19.73 with volume of 1.55 million shares. Xerox Corporation has traded high as $ 20.12 and has cracked $ 19.52 on the downward trend
According to the previous trading day, closing price of $ 19.73, representing a 39.87 % increase from the 52 week low of $ 14.22 and a 49.61 % decrease over the 52 week high of $ 39.47.
The company has a market capital of $ 4.29 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 17.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on July 23, 2020. The dividend were payable on October 30, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Xerox Corporation will be hosting a conference call at 8:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.xerox.com
Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management. The company also provides desktop monochrome and color printers, and multifunction printers; copiers, digital printing presses and light production devices, and solutions; graphic communications and commercial printers; inkjet presses; and FreeFlow portfolio of software solutions for the automation and integration of print jobs processing.
