Originally published at Yahoo.Finance
What’s in the Cards for Xerox (XRX) This Earnings Season?
Xerox Corporation’s XRX upcoming second-quarter 2019 results are likely to reflect the year-over-year increase in earnings but a decline in revenues.
Shares of the company have gained a massive 73.5% year to date, significantly outperforming the 45% rally of the industry it belongs to.
According to certain stock and exchange consultant, the revenues in the to-be-reported quarter is pegged at $2.32 billion, indicating a year-over-year decline of 7.5%. The expected decline is likely to be due to lower transactional revenues and a decrease in activity in certain areas impacted by the company’s transformational actions. In the first quarter of 2019, revenues of $2.21 billion fell 9.4% on a year-over-year basis.
Xerox has a revenue improvement strategy in place that includes simplification of organizational structure, improving the alignment of compensation and expansion of channel presence. Expected results are likely to take time.
The earnings in the to-be-reported quarter is pegged at 93 cents, indicating year-over-year increase of 16.3%. The expected uptick is likely to be driven by “Project Own It,” the company’s initiative aimed at increasing productivity and operational efficiency, reducing costs and realigning business to changing market conditions. In the first quarter of 2019, adjusted EPS of $91 increased 33.8%, year over year.
View the latest information on Xerox here.