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

Rackspace Technology

09/11/2022 23:24

* Rackspace Technology Inc  RXT.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in
September. The mean expectation of eleven analysts for the
quarter was for earnings of 9 cents per share.
    * Revenue rose 3.3% to $787.60 million from a year ago;
analysts
expected $772.97 million. 
    * Rackspace Technology Inc's reported EPS for the quarter
was a
loss of $2.43​.
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 risen by 18.9% this
quarter and lost 64.0% so far this year.
    * The company reported a quarterly loss of $511.7 million.
    * Wall Street's median 12-month price target for Rackspace
Technology Inc is $7.00 
    * 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 November
9 at 11:24 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.09           0.10           Beat
 Jun. 30 2022      0.16           0.17           Beat
 Mar. 31 2022      0.21           0.22           Beat
 Dec. 31 2021      0.24           0.25           Beat