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

Rackspace Technology

09/08/2022 23:38

* Rackspace Technology Inc  RXT.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in June.
The mean expectation of eleven analysts for the quarter was
for earnings of 16 cents per share.
    * Revenue fell 99.3% to $5.30 million from a year ago;
analysts
expected $792.94 million. 
    * Rackspace Technology Inc's reported EPS for the quarter
was a
loss of 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.2%
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 1.8% this
quarter and lost 47.7% so far this year.
    * The company reported a quarterly loss of $40.6 million.
    * Wall Street's median 12-month price target for Rackspace
Technology Inc is $12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 10:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.16           0.17           Beat
 Mar. 31 2022      0.21           0.22           Beat
 Dec. 31 2021      0.24           0.25           Beat
 Sep. 30 2021      0.24           0.25           Beat