Xerox Corp First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Xerox Corp (NYSE:XRX) will unveil its latest earnings on Monday, April 23, 2012. Xerox engages in the development, manufacturing, marketing, services and finance of document equipment, software, solutions and services worldwide.

Xerox Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 22 cents per share, a decline of 4.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 24 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 22 cents during the last month. Analysts are projecting profit to rise by 3.7% versus last year to $1.12.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 33 cents a share versus the estimate of net income of 32 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $5.45 billion in revenue this quarter, a decline of 0.2% from the year-ago quarter. Analysts are forecasting total revenue of $22.89 billion for the year, a rise of 1.1% from last year’s revenue of $22.63 billion.

Analyst Ratings: Analysts are bullish on Xerox, as four analysts rate it as a buy, one rates it as a sell and three rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $375 million (27 cents a share) from $171 million (11 cents a share) the year earlier, exceeding analyst expectations. Revenue was unchanged at $5.81 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 16.6% in the first quarter of the last fiscal year, 2% in the second quarter of the last fiscal year and 3%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 20, 2012 and April 17, 2012, the stock price fell 71 cents (-8.2%), from $8.71 to $8. 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, increasing 4.6% (+43 cents) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 14.4% (-$1.46) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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