Xero (XROLF) Expected to Announce Earnings on Thursday

Xero (OTCMKTS:XROLF) is projected to post its results before the market opens on Thursday, November 12th. Analysts expect Xero to announce earnings of $0.1986 per share and revenue of $972.50 million for the quarter.

Xero Stock Performance

XROLF opened at $47.30 on Wednesday. The business has a fifty day simple moving average of $45.37 and a 200 day simple moving average of $52.29. Xero has a 1 year low of $38.85 and a 1 year high of $83.08.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded Xero from an “outperform” rating to a “sector perform” rating in a report on Monday, July 27th. One analyst has rated the stock with a Hold rating. According to MarketBeat, Xero currently has an average rating of “Hold”.

Xero Company Profile

Xero Limited is a New Zealand technology company that provides cloud-based accounting and business-management software, primarily for small businesses and the accountants and bookkeepers who support them. Founded in Wellington in 2006 by Rod Drury, the company has grown from a New Zealand software provider into an international business. Xero’s platform helps customers manage tasks such as invoicing, bank reconciliation, expense tracking, payroll, payments and financial reporting. It also connects with a range of third-party business applications, allowing customers to tailor the software to their needs.