Xerox Holdings Corp (NASDAQ: XRX) has reported E.P.S. of $0.12 for its second fiscal quarter (ending June 30) versus $-0.41 for the same period a year ago. This performance was $-0.31 short of the consensus estimate of $0.43. For the latest four quarters through June 30, E.P.S. were $-1.04 versus $-1.70 for the same period a year ago.
Recent Price Action
On 7/25/24, Xerox Holdings Corp (NASDAQ: XRX) stock suffered a large decline of -8.1%, closing at $10.82. Moreover, trading volume in this decline was exceptionally high at 221% of normal. The stock has been weak relative to the market over the last nine months and has declined -10.1% during the last week.
Current PriceTarget Research Rating
XRX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Xerox Holdings has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Xerox Holdings has a very high Appreciation Score of 88 but a poor Power Rating of 20, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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