Rackspace Technology Inc expected to post a loss of 4 cents a share - Earnings Preview

Rackspace Technology

16/02/2024 11:17

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
20 (estimated) for the period ending December 31 2023
    * The San Antonio Texas-based  company is expected to report
a
9.2% decrease in revenue to $714.72 million from $787 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on November 7 2023, for the
period ended December 31, was for revenue between $710.00
million and $720.00 million.
    * ​LSEG's mean analyst estimate for Rackspace Technology Inc
is
for a loss of 4 cents per share. The company's EPS guidance on
November 7 2023, for the period ended December 31, was between
$-0.05 and $-0.03 
    * 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 $1.96. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD46 million and USD48 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  
 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. 31 2022  0.05        0.05       0.06      Beat    20.9
 ​​Sep.        0.09        0.09       0.10      Beat    14.8
 30 2022                                                
 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. 31 2021  0.24        0.24       0.25      Beat    3.6
 This summary was machine generated February 16 at 11:17 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)