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    Rackspace Technology Inc expected to post a loss of 8 cents a share - Earnings Preview

    Picture of Rackspace Technology logoRackspace Technology
    06/05/2025 22:25
    Rackspace Technology Inc RXT.OQ RXT.O is expected to show a fall in quarterly revenue when it reports  results on May 8 for the period ending March 31 2025

The San Antonio Texas-based  company is expected to report a 4.7% decrease in revenue to $658.18 million from $690.8 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on February 20 2025, for the period ended March 31, was for revenue between $653.00 million and $665.00 million.

‚ÄčLSEG's mean analyst estimate for Rackspace Technology Inc is for a loss of 8 cents per share. The company's EPS guidance on February 20 2025, for the period ended March 31, was between $-0.09 and $-0.07

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. ‚Äč

Wall Street's median 12-month price target for Rackspace Technology Inc is $3.00‚Äč, above‚Äč its last closing price of $1.40. ‚Äč‚Äč‚Äč

The company's guidance on February 20 2025 for the period ended March 31 was for Earnings before Interest and Taxes between USD19 million and USD21 million.

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


    QUARTER ENDINGSTARMINESMARTESTIMATE¬ģLSEG IBES ESTIMATEACTUALBEAT, MET, MISSEDSURPRISE %
    Dec. 31 2024-0.04-0.04-0.02Beat48.5
    Sep. 30 2024-0.07-0.07-0.05Beat32
    Jun. 30 2024-0.11-0.11-0.08Beat24.8‚Äč
    Mar. 31 2024-0.13-0.13-0.11Beat17
    ‚Äč‚ÄčDec. 31 2023-0.04-0.03Beat22.1
    Sep. 30 2023-0.05-0.05-0.04Beat13.3‚Äč
    Jun. 30 2023-0.08-0.08-0.06Beat23.5
    Mar. 31 2023-0.02-0.03-0.02Beat23.1
    

This summary was machine generated May 6 at 21:25 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)

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