Rackspace Technology Inc reports results for the quarter ended in December - Earnings Summary

Rackspace Technology

22/02/2023 23:43

* Rackspace Technology Inc  RXT.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in
December. The mean expectation of eleven analysts for the
quarter was for earnings of 5 cents per share.
    * Revenue rose 1.2% to $787.00 million from a year ago;
analysts
expected $776.30 million. 
    * Rackspace Technology Inc's reported EPS for the quarter
was a
loss of $1.01​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Rackspace Technology Inc shares had fallen by 7.1% this
quarter.
    * The company reported a quarterly loss of $214 million.
    * Wall Street's median 12-month price target for Rackspace
Technology Inc is $5.00 
    * 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." 

This summary was machine generated from Refinitiv data February
22 at 11:43 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.05           0.06           Beat
 Sep. 30 2022      0.09           0.10           Beat
 Jun. 30 2022      0.16           0.17           Beat
 Mar. 31 2022      0.21           0.22           Beat