Xerox Holdings Corp reports results for the quarter ended December 31 - Earnings Summary

• Xerox Holdings Corp XRX.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of three analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 49 cents to 59 cents per share.

• Revenue fell 8.6% to $1.61 billion from a year ago; analysts expected $1.57 billion.

• Xerox Holdings Corp's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $24 million.

• Xerox Holdings Corp shares had risen by 15.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the office equipment peer group is also "hold"

Wall Street's median 12-month price target for Xerox Holdings Corp is $8.00

This summary was machine generated from LSEG data January 28 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)