NEW YORK (TheStreet) -- Shares of Xerox (XRX) - Get Report are declining 0.40% to $9.91 this afternoon as the Norwalk, CT-based document and printing services company is slated to report fiscal 2016 second quarter results before Friday's market open.
Analysts expect Xerox to post earnings of 25 cents per share on revenue of $4.39 billion.
Last year, the company reported earnings of 22 cents per share on revenue of $4.59 billion for the second quarter.
Xerox rejected a bid to merge with R.R. Donnelley (RRD) last week after reviewing the proposed offer with its advisers. The company has been attracting attention after announcing earlier this year that it would split into two publicly traded companies by the end of 2016, including a document technology company and a business process outsourcing company.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate XEROX CORP as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: XRX