Rackspace Technology Inc expected to post a loss of 3 cents a share - Earnings Preview

Rackspace Technology

06/05/2023 03:10

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9. 
    * The San Antonio Texas-based  company is expected to report
 a
2.4% decrease in revenue to $756.638 million from $775.5 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on February 22
2023, for the period ended March 31, was for revenue between
$752.00 million and $762.00 million.
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for a loss of 3 cents per share. The company's EPS guidance
on February 22 2023, for the period ended March 31, was between
$-0.05 and $-0.01 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 2 "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 $3.5​, above​ its last closing price of $1.35.
​​​

The company's guidance on February 22 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD47 million and USD53 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.05        0.05       0.06      Beat    20.9
 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
 ​​Dec.        0.24        0.24       0.25      Beat    3.6
 31 2021                                                
 Sep. 30 2021  0.24        0.24       0.25      Beat    4​
 Jun. 30 2021  0.22        0.22       0.24      Beat    10.1
 Mar. 31 2021  0.21        0.21       0.23      Beat    8.6
 This summary was machine generated May 6 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated