Rackspace Technology Inc expected to post a loss of 13 cents a share - Earnings Preview

Rackspace Technology

08/05/2024 24:47

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The San Antonio Texas-based  company is expected to report
a
9.8% decrease in revenue to $684.252 million from $758.7 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on March 12 2024, for
the period ended March 31, was for revenue between $680.00
million and $690.00 million.
    * ​LSEG's mean analyst estimate for Rackspace Technology Inc
is
for a loss of 13 cents per share. The company's EPS guidance on
March 12 2024, for the period ended March 31, was between $-0.14
and $-0.12 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rackspace
Technology Inc is $2.25​, above​ its last closing price
of $1.81. ​​​

The company's guidance on March 12 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD12 million and USD14 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.04      -0.03     Beat    22.1
 Sep. 30 2023  -0.05       -0.05      -0.04     Beat    13.3
 Jun. 30 2023  -0.08       -0.08      -0.06     Beat    23.5​
 Mar. 31 2023  -0.02       -0.03      -0.02     Beat    23.1
 ​​Dec.        0.05        0.05       0.06      Beat    20.9
 31 2022                                                
 Sep. 30 2022  0.09        0.09       0.10      Beat    14.8​
 Jun. 30 2022  0.16        0.16       0.17      Beat    8.3
 Mar. 31 2022  0.21        0.21       0.22      Beat    6.4
 This summary was machine generated May 7 at 23:47 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)