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NASDAQIndustrialsBusiness Equipment & SuppliesSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Risk is high, and the sector backdrop is a headwind, with XRX compared to sector peers being below typical. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 0 valuation methods, at three horizons. Current price $3.42. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Not enough valuation methods to set a 12-month read yet.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted -0.16x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
19 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.01 → $-0.18 (-1313.4% / 30d). 0 raised, 2 cut, 2 covering analysts.
0 upgrades, 0 downgrades / 30d. 0% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$349.
How much price usually moves either way.
On a bad day, this stock has moved -$785.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $8,098.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation label changed from 'inexpensive' to 'None'.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
No named catalysts to watch right now. Check back after the next earnings report.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Downgrade indicates increased risk perception among analysts.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 20, 2026, the shareholders of Xerox Holdings Corporation (the “Company”) approved an amendment (the “Plan Amendment”) to the Xerox Holdings Corporation 2024 Equity and Performance Incentive Plan (the “Plan”) at the Company’s annual meeting of shareholders (the “2026 Annual Meeting”). The Company’s shareholders approved the Plan Amendment in…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Office Services & Supplies.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
XRX Xerox Holdings Corp. | Typical Show detailsSector percentile: 31 of 100 | — | high |
MSA MSA Safety | Above typical Show detailsSector percentile: 97 of 100 | fair | moderate |
WSC WillScot Holdings Corp. | Typical Show detailsSector percentile: 47 of 100 | full | elevated |
HNI HNI Corporation | Above typical Show detailsSector percentile: 86 of 100 | inexpensive | moderate |
PBI Pitney Bowes, Inc. | Above typical Show detailsSector percentile: 73 of 100 | inexpensive | elevated |
Not investment advice. As of 2026-06-16.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Xerox aims to achieve revenue above $7.5 billion for the full year 2026 in constant currency.
Stated in 2 of last 2 quarters. Revenue was $1.846 billion in 2026-Q1, down from $2.028 billion in 2025-Q4. The trajectory shows limited progress towards the $7.5 billion target for 2026.
“For full-year 2026, we continue to expect revenue above $7.5 billion in constant currency.”
“We expect revenue above $7.5 billion in actual currency.”
Xerox targets adjusted operating income in the range of $450 million to $500 million for 2026.
Stated in 2 of last 2 quarters. The financials do not provide specific operating income figures for 2026-Q1, indicating limited visibility into progress towards the $450-$500 million target.
“Adjusted operating income in the range of $450 million to $500 million.”
Xerox aims to generate approximately $250 million in free cash flow for the full year 2026.
Stated in 2 of last 2 quarters. Cash from operating activities was -$144 million in 2026-Q1, indicating a challenging start towards achieving the $250 million free cash flow target for 2026.
“Free cash flow 2 of approximately $250 million.”
Results of Operations and Financial Condition. On April 30, 2026, Xerox Holdings Corporation and Xerox Corporation (together, the "Registrants") issued a press release announcing their combined first quarter 2026 earnings. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. Exhibit 99.1 to this current Report contains certain financial measures that are considered “non-GAAP financial measures” as defined in the SEC rules. Exhibit 99.1 to thi…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 30, 2026, Xerox Holdings Corporation (“Xerox Holdings”) and Xerox Corporation (together with Xerox Holdings, the “Company”) announced the appointment of Louis J. Pastor, the Company’s President and Chief Operating Officer, as its new Chief Executive Officer, effective as of March 31, 2026, to succeed Steven Bandrowczak. Mr. Pastor has also…
Entry into a Material Definitive Agreement. Transaction Overview On February 17, 2026, Xerox Corporation (“ Xerox ”), a New York corporation and a wholly owned subsidiary of Xerox Holdings Corporation (“ Holdings ”), a New York corporation, and certain investors including certain funds and accounts managed by Angelo, Gordon & Co., L.P. (collectively, “ TPG ”) entered into a joint venture arrangement (the “ Joint Venture ”) pursuant to which TPG and certain other investors funded $405,000,000…
Entry into a Material Definitive Agreement. On January 28, 2026, Xerox Holdings Corporation, a New York corporation (the “Company”), announced that the Board of Directors of the Company had declared a distribution (the “Warrants Distribution”) to the holders of record of the Company’s common stock, par value $1.00 per share (the “Common Stock”), the Company’s 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) and the Company’s Series A Convertible Perpetual Voting Preferred Sto…
“Adjusted Operating Income: $450-$500 million.”
“Free cash flow of approximately $250 million in 2026.”