Rackspace Technology Inc expected to post earnings of 9cents a share - Earnings Preview

Rackspace Technology

08/11/2022 03:01

* Rackspace Technology Inc  RXT.OQ   RXT.O  is expected
to show a
rise in quarterly revenue when it reports  results on November
9. 
    * The San Antonio Texas-based  company is expected to report
 a
1.4% increase in revenue to $772.969 million from $762.5 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on September 26
2022, for the period ended September 30, was for revenue between
733.00 million and 741.00 million.
    * ​Refinitiv's mean analyst estimate for Rackspace
Technology Inc
is for earnings of 9 cents per share. The company's EPS guidance
on September 26 2022, for the period ended September 30, was
between 0.08 and 0.1 
    * 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 $7​, above​ its last closing price of $4.81.
​​​

The company's guidance on September 26 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
73 million and 77 million.The company's guidance on August 9
2022 for the period ended September 30 was for gross profit
margin of 27%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.24        0.24       0.25      Beat    4
 ​​Jun.        0.22        0.22       0.24      Beat    10.1
 30 2021                                                
 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. 30 2020  0.18        0.18       0.19      Beat    5.1
 This summary was machine generated November 8 at 03:01 GMT.  All
figures in US dollars  unless otherwise stated