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

Rackspace Technology

04/11/2023 02:41

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The San Antonio Texas-based  company is expected to report
 a
7.7% decrease in revenue to $726.9 million from $787.6 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data. The company's guidance on August 8 2023, for the
period ended September 30, was for revenue between $722.00
million and $732.00 million.
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for a loss of 5 cents per share. The company's EPS guidance
on August 8 2023, for the period ended September 30, was between
$-0.06 and $-0.04 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 $2.5​, above​ its last closing price of $1.41.
​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD43 million and USD47 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  
 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. 30 2022  0.09        0.09       0.10      Beat    14.8
 ​​Jun.        0.16        0.16       0.17      Beat    8.3
 30 2022                                                
 Mar. 31 2022  0.21        0.21       0.22      Beat    6.4​
 Dec. 31 2021  0.24        0.24       0.25      Beat    3.6
 Sep. 30 2021  0.24        0.24       0.25      Beat    4
 This summary was machine generated November 4 at 02:41 GMT.  All
figures in US dollars  unless otherwise stated