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

Rackspace Technology

05/08/2023 24:38

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 8. 
    * The San Antonio Texas-based  company is expected to report
 a
5.4% decrease in revenue to $730.443 million from $772.2 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between $725.00
million and $735.00 million.
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for a loss of 8 cents per share. The company's EPS guidance
on May 9 2023, for the period ended June 30, 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," 5
"hold" and 3 "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​, below​ its last closing price of $2.04.
​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD33
million and USD37 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  
 Mar. 31 2023  -0.02       -0.03      -0.02     Beat    23.1
 Dec. 31 2023  0.05        0.05       0.06      Beat    20.9
 Sep. 30 2022  0.09        0.09       0.10      Beat    14.8​
 Jun. 30 2022  0.16        0.16       0.17      Beat    8.3
 ​​Mar.        0.21        0.21       0.22      Beat    6.4
 31 2022                                                
 Dec. 31 2021  0.24        0.24       0.25      Beat    3.6​
 Sep. 30 2021  0.24        0.24       0.25      Beat    4
 Jun. 30 2021  0.22        0.22       0.24      Beat    10.1
 This summary was machine generated August 4 at 23:38 GMT.  All
figures in US dollars  unless otherwise stated