Xerox Holdings Corporation Banking on “Project Own It” and Post-Sale-Driven Business Model
Are you looking for a promising investment opportunity in the business services sector? Look no further than Xerox Holdings Corporation (XRX). The company is currently implementing “Project Own It,” an initiative aimed at increasing productivity and operational efficiency, which has already resulted in significant cost savings. Additionally, Xerox’s post-sale-driven business model, which generates recurring revenues, is supporting strong cash flows and strategic investments.
What makes Xerox an attractive pick right now? Well, the company currently holds a Zacks Rank #1 (Strong Buy) and a VGM Score of A, indicating strong potential for growth. Analysts have also been revising their estimates upward, with the Zacks Consensus Estimate for the current year showing a 30.5% increase. Xerox has a history of impressive earnings surprises, with an average surprise of 57.7%.
Looking ahead, the company’s growth prospects are solid, with the Zacks Consensus Estimate for 2023 earnings indicating a 37.5% year-over-year increase. Furthermore, earnings are expected to grow by 14.7% in fiscal 2024.
If you’re interested in exploring other top-ranked stocks in the business services sector, consider Rollins (ROL), Omnicom Group (OMC), and Maximus (MMS). These companies also have strong growth potential and impressive earnings histories.
Overall, Xerox Holdings Corporation is well-positioned for success, with a solid business model, strong growth prospects, and positive analyst sentiment. For more information on Xerox and other top-ranked stocks, check out the full article on Zacks.com. Happy investing!
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