Thursday, January 29, 2015

What to Expect When Xerox (XRX) Reports Fourth-Quarter Earnings Tomorrow

NEW YORK (TheStreet) -- Shares of Xerox Corp. are up 0.91% to $13.36 today ahead of the company's fourth-quarter earnings report expected before the market open tomorrow. The consensus estimate calls for Xerox to report earnings of 24 cents a share on revenue of $5.07 billion. In the fourth quarter last year, the company posted earnings of 29 cents a share, in line with consensus estimates, according to analysts polled by Thomson Reuters. Revenue totaled $5.57 billion, below analysts' estimates of $5.64 billion. In the third quarter of 2014, Xerox posted EPS of 27 cents a share, which beat the consensus estimate of 26 cents a share. Revenue totaled $5.12 billion, below estimates of $5.19 billion. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Recently, Brean Capital initiated coverage on shares of Xerox with a "buy" rating and a $15 price target. XRX data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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