For its third fiscal quarter (ending September 30), Xerox Holdings Corp (NASDAQ: XRX) has reported a -3448% decline in E.P.S. from $0.29 a year ago to $-9.71 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-11.05 versus $1.07 for the same period a year ago — a decline of -1133%.
Recent Price Action
Xerox Holdings Corp (NASDAQ: XRX) stock closed at $8.49 on 10/29/24 after a major decline of -17.4%. Moreover, exceptionally high trading volume at 674% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -16.1% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Xerox Holdings has a very high Appreciation Score of 91 but a very low Power Rating of 9, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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