Rackspace Technology Inc expected to post a loss of 5 cents a share - Earnings Preview

Rackspace Technology

05/08/2025 23:27

Rackspace Technology Inc RXT.OQ RXT.O is expected to  show a fall in quarterly revenue when it reports  results on August 7 for the period ending June 30 2025

The San Antonio Texas-based  company is expected to report a 3.7% decrease in revenue to $659.395 million from $684.9 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on May 8 2025, for the period ended June 30, was for revenue between $653.00 million and $665.00 million.

​LSEG's mean analyst estimate for Rackspace Technology Inc is for a loss of 5 cents per share. The company's EPS guidance on May 8 2025, for the period ended June 30, was between $-0.06 and $-0.04

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $1.68, about 24.8% above its last closing price of $1.26

The company's guidance on May 8 2025 for the period ended June 30 was for Earnings before Interest and Taxes between USD25 million and USD27 million.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Mar. 31 2025
-0.08
-0.08
-0.06
Beat
25.9
Dec. 31 2025
-0.04
-0.04
-0.02
Beat
48.5
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. 30 2023
-0.05
-0.05
-0.04
Beat
13.3
Jun. 30 2023
-0.08
-0.08
-0.06
Beat
23.5

This summary was machine generated August 5 at 22:27 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)