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

Rackspace Technology

18/02/2025 21:09

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
20 for the period ending December 31 2024
    * The San Antonio Texas-based  company is expected to report
a
6.2% decrease in revenue to $674.85 million from $719.7 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on November 12 2024,
for the period ended December 31, was for revenue between
$668.00 million and $680.00 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 12 2024, 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 $3.00​, above​ its last closing price
of $2.87. ​​​

The company's guidance on November 12 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD34 million and USD36 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 2024  -0.07       -0.07      -0.05     Beat    32
 Jun. 30 2024  -0.11       -0.11      -0.08     Beat    24.8
 Mar. 31 2024  -0.13       -0.13      -0.11     Beat    17​
 Dec. 31 2023              -0.04      -0.03     Beat    22.1
 ​​Sep.        -0.05       -0.05      -0.04     Beat    13.3
 30 2023                                                
 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
 This summary was machine generated February 18 at 21:09 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)