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

Rackspace Technology

10/05/2023 17:04

* Rackspace Technology Inc  RXT.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in March. The
mean expectation of nine analysts for the quarter was for a loss
of 3 cents per share.
    * Revenue fell 2.2% to $758.70 million from a year ago;
analysts
expected $757.26 million. 
    * Rackspace Technology Inc's reported EPS for the quarter
was a
loss of $2.87​.
    * The mean earnings estimate of analysts had fallen by
about 2,500% 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 28.2% this
quarter and lost 54.2% so far this year.
    * The company reported a quarterly loss of $612 million.
    * Wall Street's median 12-month price target for Rackspace
Technology Inc is $3.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 04:04 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.03          -0.02          Beat
 Dec. 31 2022      0.05           0.06           Beat
 Sep. 30 2022      0.09           0.10           Beat
 Jun. 30 2022      0.16           0.17           Beat