Rackspace Technology Inc expected to post a loss of 7 cents a share - Earnings Preview

Rackspace Technology

08/11/2024 21:39

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on November
12 for the period ending September 30 2024
    * The San Antonio Texas-based  company is expected to report
a
7.8% decrease in revenue to $675.14 million from $732.4 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on August 8 2024, for
the period ended September 30, 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 7 cents per share. The company's EPS guidance on
August 8 2024, for the period ended September 30, was between
$-0.08 and $-0.06 
    * 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 2.50​, below​ its last closing price of $2.87.
​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD29 million and USD31 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  
 Jan. 1 0001   -0.11       -0.11      -0.08     Beat    24.8
 Jan. 1 0001               -0.13      -0.11     Beat    17
 Dec. 31 2023              -0.04      -0.03     Beat    22.1​
 Jan. 1 0001   -0.05       -0.05                        13.3
 ​​Jun.        -0.08       -0.08      -0.06     Beat    23.5
 30 2023                                                
 Mar. 31 2023  -0.02       -0.03      -0.02     Beat    23.1​
 Dec. 31 2022  0.05        0.05       0.06      Beat    20.9
 Jan. 1 0001   0.09        0.09       0.10      Beat    14.8
 This summary was machine generated November 8 at 21:39 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)