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Xerox Corporation (XRX)
:XRX
US Market
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Xerox (XRX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 23, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
0.53
Last Year’s EPS
0.43
Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Jan 28, 2020
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% Change Since: -9.91%
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Next Earnings Date:Oct 29, 2019
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter for Xerox, with notable declines in revenue and equipment sales. However, there were positive developments in terms of free cash flow conversion, cost reductions, and growth in digital and IT services. The pending acquisition of ITsavvy is expected to support future growth. Despite immediate challenges, the company remains optimistic about its long-term reinvention strategy.
Company Guidance
During Xerox's Q3 2024 earnings call, the company provided guidance indicating a challenging year marked by a 7.5% decrease in revenue to $1.5 billion, largely due to a 12% drop in equipment sales. Despite these setbacks, the company achieved more than 100% free cash flow conversion from adjusted operating income and year-over-year improvement in adjusted operating margin by 110 basis points to 5.2%. Adjusted EPS was reported at $0.25, down $0.21 from the previous year, attributed to a one-time sale of non-core assets in the prior year. The company anticipates a return to revenue growth in 2025, buoyed by the acquisition of ITsavvy, expected to enhance IT services offerings. ITsavvy is projected to deliver annual revenues of approximately $440-$450 million and more than $15 million in cost synergies, with an EBITDA contribution enhancing Xerox's overall profitability. Xerox also reduced its debt load and improved its balance sheet health, setting the stage for future growth through continued cost efficiencies and strategic acquisitions.
Improved Free Cash Flow Conversion
Achieved more than 100% free cash flow conversion from adjusted operating income for the fourth consecutive quarter.
Pending Acquisition of ITsavvy
Expected to improve revenue mix with higher growth rates, leverage expanded portfolio of IT services, and contribute to revenue growth in 2025.
Cost Reduction and Operating Margin Improvement
Adjusted operating margin improved by 110 basis points year-over-year, with operating expenses decreased by over $50 million year-over-year.
Growth in Digital and Managed IT Services
Digital services new business signings were up double digits, with digital and managed IT services revenue also growing double digits.
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Xerox (XRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

XRX Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Oct 29, 20192019 (Q3)
- / 1.08
0.8527.06% (+0.23)
Jan 28, 20202019 (Q4)
- / 1.33
1.1416.67% (+0.19)
Apr 28, 20202020 (Q1)
- / 0.21
0.91-76.92% (-0.70)
Jul 28, 20202020 (Q2)
- / 0.15
0.99-84.85% (-0.84)
Oct 27, 20202020 (Q3)
- / 0.48
1.08-55.56% (-0.60)
Jan 26, 20212020 (Q4)
- / 0.58
1.33-56.39% (-0.75)
Apr 20, 20212021 (Q1)
0.29 / 0.22
0.214.76% (+0.01)
Jul 27, 20212021 (Q2)
0.37 / 0.47
0.15213.33% (+0.32)
Oct 26, 20212021 (Q3)
0.43 / 0.48
0.480.00% (0.00)
Jan 25, 20222021 (Q4)
0.30 / 0.34
0.58-41.38% (-0.24)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XRX Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2024$9.99$8.25-17.42%
Jul 25, 2024$11.18$10.27-8.14%
Apr 23, 2024$15.26$13.72-10.09%
Jan 25, 2024$15.07$16.64+10.42%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Xerox Corporation (XRX) report earnings?
Xerox Corporation (XRX) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
    What is Xerox Corporation (XRX) earnings time?
    Xerox Corporation (XRX) earnings time is at Jan 23, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is XRX EPS forecast?
          XRX EPS forecast for the fiscal quarter 2024 (Q4) is 0.53.
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