Rackspace Technology Inc expected to post earnings of 5cents a share - Earnings Preview

Rackspace Technology

21/02/2023 24:29

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
22. 
    * The San Antonio Texas-based  company is expected to report
 a
0.1% decrease in revenue to $776.296 million from $777.3 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on November 9
2022, for the period ended December 31, was for revenue between
738.00 million and 746.00 million.
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for earnings of 5 cents per share. The company's EPS guidance
on November 9 2022, for the period ended December 31, was
between 0.04 and 0.06 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 2 "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 $5​, above​ its last closing price of $2.93.
​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
65 million and 69 million.The company's guidance on August 9
2022 for the period ended December 31 was for gross profit
margin of 26%.
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 2022  0.09        0.09       0.10      Beat    14.8
 Jun. 30 2022  0.16        0.16       0.17      Beat    8.3
 Mar. 31 2022  0.21        0.21       0.22      Beat    6.4​
 Dec. 31 2021  0.24        0.24       0.25      Beat    3.6
 ​​Sep.        0.24        0.24       0.25      Beat    4
 30 2021                                                
 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
 This summary was machine generated February 21 at 00:29 GMT. 
All figures in US dollars  unless otherwise stated