Xerox Corporation (NYSE:XRX) 2010 Forecast - Compelling, and Likely

If Xerox Corporation (NYSE: XRX) end up meeting estimates for 2010, then as of right now it's one of the cheapest large cap names available. The fact that it's a big blue chip name - in this case anyway - just sweetens the pot.

This year's EPS estimate of $0.72 may just be too low, plain and simple. Xerox Corporation has topped estimates in its last three quarters... meaning the analysts have gotten into the habit of underestimating the company.

Even if earnings are on target though, the forward-looking P/E of 12.2 is a bargain in almost any environment (including this one). Better still, with the stock perking up over the two and half months as well, the rest of the market seems to be figuring all of this out about Xerox.