Rackspace Technology Inc expected to post earnings of 24  cents a share - Earnings Preview

Rackspace Technology

18/02/2022 22:26

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
22. 
    * The San Antonio Texas-based  company is expected to report
 a
7.7% increase in revenue to $771.223 million from $716.2 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 24 cents per share. For the same quarter last
year, the company reported earnings of 26 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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 $20.5​, about 39.7% above​ its last closing
price of $12.36. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2020  0.23        0.23       0.26      Beat    13.8
 ​​Sep.        0.18        0.18       0.19      Beat    5.1
 30 2020                                                
 Jun. 30 2020  0.16        0.16       0.21      Beat    28.3​
 This summary was machine generated February 18 at 22:26 GMT. 
All figures in US dollars  unless otherwise stated