Rackspace Technology Inc reports results for the quarter ended March 31 - Earnings Summary

Rackspace Technology

09/05/2025 24:22

Rackspace Technology Inc RXT.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -11 cents.  The mean expectation of six analysts for the quarter was for a loss of 8 cents per share.  -8 cents per share.

Revenue fell 3.7% to $665.40 million from a year ago; analysts expected $658.18 million.

Rackspace Technology Inc's reported EPS for the quarter was a loss of 31 cents​.

The company reported a quarterly loss of $71.5 million.

Rackspace Technology Inc shares had fallen by 15.4% this quarter and lost 35.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "hold"

Wall Street's median 12-month price target for Rackspace Technology Inc is $3.00

This summary was machine generated from LSEG data May 8 at 11:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
-0.08
-0.06
Beat
Dec. 31 2024
-0.04
-0.02
Beat
Sep. 30 2024
-0.07
-0.05
Beat
Jun. 30 2024
-0.11
-0.08
Beat