
Please try another search
Xerox (NASDAQ:XRX) Holdings Corporation XRX products have been a core component of countless offices, schools, and beyond for years. But the enterprise printer and copier company has struggled as the world turns more digital.
The Quick Story
Xerox Holdings sells, printers, digital scanners, copiers, and more with a focus on larger enterprise-level offerings. The company sells supplies to go along with its equipment. Xerox is also expanding its services unit amid the changing digital landscape.
Xerox revenue has fallen for the better part of a decade and the remote world has taken a huge toll on its operations. The company’s FY20 revenue fell 23% after it slipped 6% in 2019. In fact, last year marked its seventh straight year of declining YoY sales.
Xerox’s Q3 FY21 revenue dipped just 0.5%. Still, XRX executives lowered its sales guidance amid ongoing challenges that include a deteriorating global supply chain and a much slower-than-projected return to offices.
Bottom Line
Xerox’s fourth quarter consensus earnings estimate is down 50% since its Q3 report, with its FY21 figure 16% lower, and FY22 down 9%. Zacks estimates do call for XRX to post 1% top-line expansion this year and 2% higher next year. Plus, its adjusted earnings are projected to climb 6.4% and 37%, respectively.
That said, Xerox lands a Zacks Rank #5 (Strong Sell) right now, based on its huge downward earnings revisions. Plus, its Office Supplies space is in the bottom 3% of over 250 Zacks industries.
Xerox’s dividend yield and share price might be attractive to some. But the stock is down 40% in the last five years vs. its industry’s 60% climb. This rough stretch includes a 40% drop in the past two years. Xerox stock has popped recently, yet it appears to be more of a trader’s stock since the digital world was already chipping away at its business long before covid.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xerox Holdings Corporation (XRX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Investors are on edge about what tariff policy means for markets Coming off a strong Q4 earnings season, fresh February corporate sales figures can help assess the macro...
Broadcom stock is in a dynamic rebound phase. Markets seem optimistic ahead of the earnings release. Let's take a deep dive into what to expect from the report. Get the...
Consumers are feeling the pinch from inflation every time they go to the grocery store. Money is a zero-sum game; as disposable income and buying power erodes, consumers are...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.