S&P 500 (NYSE:SPY) component Xerox Corp (NYSE:XRX) will unveil its latest earnings on Friday, July 22, 2011. Xerox Corporation, in the global document market, develops, manufactures, markets, services and finances document equipment, software, solutions and services.
Xerox Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 24 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 25 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 24 cents during the last month. For the year, analysts are projecting profit of $1.07 per share, a rise of 13.8% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 23 cents per share against a mean estimate of profit of 22 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $5.63 billion in revenue this quarter, a rise of 2.2% from the year ago quarter. Analysts are forecasting total revenue of $22.86 billion for the year, a rise of 5.7% from last year’s revenue of $21.63 billion.
Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 40.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 50.6% from the year earlier quarter.
The company’s gross margin shrank by 4.2 percentage points in the in the first quarter. Revenue rose 16.6% while cost of sales rose 24.1% to $3.66 billion from a year earlier.
Competitors to Watch: Canon Inc. (NYSE:CAJ), Pitney Bowes (NYSE:PBI), Staples (NASDAQ:SPLS), Office Depot (NYSE:ODP), OfficeMax (NYSE:OMX), Dell (NASDAQ:DELL), FedEx (NYSE:FDX), IBM (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ),
Stock Price Performance: During April 20, 2011 to July 18, 2011, the stock price had fallen 88 cents (-8.1%) from $10.80 to $9.92. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven-straight days, rising 4.5% (+43 cents) over that span. It saw one of its worst periods between June 2, 2011 and June 8, 2011 when shares fell for five-straight days, falling 5.9% (-59 cents) over that span. Shares are down $1.50 (-13.1%) year to date.
(Source: Xignite Financials)
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