NASDAQ$XRX
Xerox Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Released fourth-quarter and full-year results, exceeding free cash flow guidance while investing for growth, and announced 2022 guidance.
Xerox's Q4 results showed a revenue of $1.78 billion, down 7.9% year-over-year, and an adjusted EPS of $0.34, down $0.24 year-over-year. The company exceeded free cash flow guidance while investing for growth.
- Revenue in Q4 was $1.78 billion, a decrease of 7.9% year-over-year, or 7.4% in constant currency.
- GAAP loss per share for Q4 was $(3.97), a decrease of $4.33 year-over-year, which includes an after-tax non-cash goodwill impairment charge of $750 million or $4.38 per share.
- Adjusted EPS for Q4 was $0.34, a decrease of $0.24 year-over-year.
- Free cash flow for Q4 was $182 million, a decrease of $39 million year-over-year.
Headline financials
Revenue & EPS history
Xerox · Revenue · Quarterly
$1.78B
Revenue by segment
Xerox · $1.78B total across 2 segments · Q4 2021
- Post Sale Revenue$1.39B-1.9%78.4%
- Equipment Sales$384M-24.7%21.6%
Forward guidance
The company expects to grow revenue in 2022. Guidance assumes supply chain and pandemic-related disruptions persist through the first half of the year. The company also expects to generate at least $400 million of free cash flow, inclusive of incremental cash investments in new businesses.
Tailwinds
- Revenue of at least $7.1 billion in actual currency
- Free cash flow of at least $400 million
- Return at least 50% of free cash flow to shareholders
Headwinds
- Supply chain and pandemic-related disruptions persist through the first half of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
-0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.7%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+39.2%
Q1 2026
Best reaction
-19.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +39.2% | +68.2% | +106.4% | |
| Q4 2025 | -13.0% | -6.9% | -22.7% | |
| Q3 2025 | -1.7% | -8.5% | -26.7% | |
| Q1 2025 | -1.6% | +22.7% | +10.9% | |
| Q4 2024 | -5.8% | -12.0% | -28.6% | |
| Q3 2024 | -19.9% | -19.4% | -11.9% | |
| Q2 2024 | -6.4% | -5.9% | -8.4% | |
| Q1 2024 | -12.4% | -14.7% | -16.0% | |
| Q4 2023 | +15.9% | +15.9% | +12.4% | |
| Q3 2023 | -10.2% | -9.6% | +1.1% | |
| Q2 2023 | +8.3% | +2.7% | -0.1% | |
| Q1 2023 | +13.2% | +15.3% | +2.5% | |
| Q4 2022 | -3.4% | -6.0% | -6.5% | |
| Q3 2022 | -9.0% | -9.5% | -1.0% | |
| Q2 2022 | +7.2% | +9.9% | +15.6% | |
| Q1 2022 | -13.7% | -12.0% | -13.5% | |
| Q4 2021 | -4.1% | -2.2% | -5.7% | |
| Q3 2021 | -13.5% | -13.5% | -1.8% | |
| Q2 2021 | +3.2% | +2.2% | -5.4% | |
| Q1 2021 | -3.9% | -3.7% | -6.5% | |
| Q4 2020 | +0.6% | +1.3% | +22.2% | |
| Q3 2020 | -8.9% | -8.1% | +23.6% | |
| Q2 2020 | +0.3% | +5.2% | +20.7% | |
| Q1 2020 | +8.2% | -4.4% | -5.7% | |
| Q4 2019 | +4.8% | +1.5% | -3.5% | |
| Q3 2019 | +10.8% | +8.7% | +26.0% | |
| Q2 2019 | -5.4% | -9.9% | -15.2% | |
| Q1 2019 | -4.1% | -1.0% | -5.3% | |
| Q4 2018 | +15.9% | +17.4% | +27.2% | |
| Q3 2018 | +3.7% | +3.7% | -4.6% | |
| Q2 2018 | +3.3% | +4.8% | +10.6% | |
| Q1 2018 | -3.4% | -3.4% | -6.9% | |
| Q4 2017 | +0.2% | -4.0% | -8.0% | |
| Q3 2017 | -7.9% | -8.4% | -13.9% | |
| Q2 2017 | +6.1% | +5.1% | +5.2% | |
| Q1 2017 | +0.6% | +1.8% | -1.0% | |
| Q4 2016 | +1.7% | +2.9% | +4.9% | |
| Q3 2016 | +2.1% | -0.6% | -2.0% | |
| Q2 2016 | +2.3% | +0.3% | -1.8% | |
| Q1 2016 | -12.2% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | -10.1% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -11.6% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +4.3% | — | — | |
| Q4 2013 | -9.8% | — | — | |
| Q3 2013 | -9.5% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q4 2012 | +7.4% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | -8.5% | — | — | |
| Q2 2011 | +4.5% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q2 2010 | -4.4% | — | — | |
| Q1 2010 | +3.1% | — | — |
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