2024-04-18 21:36:13 ET
Summary
- Xerox's profitability is growing, with expected earnings per share up by over 12% in the past 3 months.
- The company's technical charts show positive trends, indicating a potential long-term bottoming pattern.
- Xerox's dividend yield of 6.17% is above the 5-year average, and its strong cash flows ensure the dividend remains well covered.
Intro
We wrote about Xerox Holdings Corporation ( XRX ) in October'2022 when we stated that the stock needed to regain momentum after its disappointing Q3 earnings miss in fiscal 2022. A guidance cut accompanied the earnings miss as forward-looking profitability concerns began to mount for the information technology company. However, since then, Xerox has been able to string four consecutive earnings beats together before reporting its first earnings miss in five quarters in its fourth quarter of fiscal 2023 (EPS of $0.43) announced in late January this year....
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For further details see:
Xerox: Looking To Get Long Post An Encouraging Q1 Report