Rackspace Technology Inc expected to post earnings of 21  cents a share - Earnings Preview

Rackspace Technology

07/05/2022 03:02

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 10. 
    * The San Antonio Texas-based  company is expected to report
 a
6.7% increase in revenue to $774.489 million from $725.9 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for earnings of 21 cents per share. For the same quarter last
year, the company reported earnings of 23 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "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 $16​, above​ its last closing price of $9.79.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  0.21        0.21       0.23      Beat    8.6
 ​​Dec.        0.23        0.23       0.26      Beat    13.8
 31 2020                                                
 Sep. 30 2020  0.18        0.18       0.19      Beat    5.1​
 Jun. 30 2020  0.16        0.16       0.21      Beat    28.3
 This summary was machine generated May 7 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated