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Xerox (XRX)
NASDAQ:XRX
Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.53Last Year’s EPS
0.43Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2020
|% Change Since: -13.49%
|Next Earnings Date:Oct 29, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant organizational changes and acquisitions aimed at stabilizing revenue and improving operational efficiency. However, the company faced challenges with declining revenue, lower earnings per share, and reduced free cash flow. While there were positive advancements in digital and IT services, the overall sentiment is tempered by the financial downturns and challenges in core revenue areas.Company Guidance
During the call, Xerox Holdings Corporation provided guidance for 2025, highlighting several key metrics and strategic initiatives. The company expects revenue to grow at a low single-digit rate in constant currency, with approximately a 4% headwind from ongoing reinvention actions. Adjusted operating income margin is anticipated to be at least 5%, showing slight year-over-year improvement. Free cash flow for 2025 is projected to range from $350 million to $400 million, primarily impacted by reduced inflow from finance receivable sales and improvements in operating margin and working capital. Xerox plans to continue its reinvention strategy, aiming to realize more than $100 million in gross cost savings, while also integrating recent acquisitions like ITsavvy and preparing for the pending acquisition of Lexmark. The strategic focus includes optimizing commercial operations, leveraging technology-driven efficiencies, and enhancing revenue mix with higher growth rates from digital services and IT solutions.Successful Organizational Changes
Xerox executed a critical phase of reinvention by shifting to a business unit-led operating model, realigning the sales organization, and centralizing key business processes within the Global Business Service Organization.
Acquisition of ITsavvy and Lexmark
Xerox acquired ITsavvy and announced the acquisition of Lexmark, which are expected to stabilize revenue and improve operating margins.
Reinvention Cost Savings
Achieved $200 million of gross reinvention cost savings in 2024, with total company operating expenses declining close to 12%.
Growth in Digital and IT Services
Continued growth in digital and legacy-managed IT services, contributing to a shift in revenue mix towards markets with higher growth rates.
Improved Sales Force Productivity
20% sequential improvement in sales force productivity in Q4 2024.
Debt Refinancing and Liquidity Improvement
Improved liquidity by extending the maturity of unsecured debt obligations and announced the acquisition of Lexmark to reduce debt leverage.
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XRX Earnings History
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 |
|---|---|---|---|
| Jan 28, 2025 | $9.71 | $9.15 | -5.77% |
| 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% |
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 (XRX) report earnings?
Xerox (XRX) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Xerox (XRX) earnings time?
Xerox (XRX) earnings time is at Jan 28, 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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