Rackspace Technology Inc (RXT, Financial) is set to release its Q3 2024 earnings on Nov 12, 2024. The consensus estimate for Q3 2024 revenue is $675.14 million, and the earnings are expected to come in at -$0.34 per share. The full year 2024's revenue is expected to be $2.72 billion and the earnings are expected to be -$3.38 per share. More detailed estimate data can be found on the Forecast page.
Rackspace Technology Inc (RXT, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Rackspace Technology Inc (RXT) have seen a slight decline, moving from $2.72 billion to $2.72 billion for the full year 2024, and from $2.76 billion to $2.75 billion for 2025. During the same period, earnings estimates have shown mixed trends, with an increase from -$3.51 per share to -$3.38 per share for the full year 2024, but a slight decline from -$1.16 per share to -$1.17 per share for 2025.
Rackspace Technology Inc (RXT, Financial) Reported History
In the previous quarter of June 30, 2024, Rackspace Technology Inc's (RXT) actual revenue was $684.9 million, which beat analysts' revenue expectations of $673.58 million by 1.68%. Rackspace Technology Inc's (RXT) actual earnings were $0.11 per share, which beat analysts' earnings expectations of -$0.37 per share by 129.49%. After releasing the results, Rackspace Technology Inc (RXT) was up by 0.45% in one day.
Rackspace Technology Inc (RXT, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 6 analysts, the average target price for Rackspace Technology Inc (RXT) is $2.38 with a high estimate of $3 and a low estimate of $1. The average target implies a downside of -13.65% from the current price of $2.76.
Based on GuruFocus estimates, the estimated GF Value for Rackspace Technology Inc (RXT, Financial) in one year is $2.29, suggesting a downside of -17.03% from the current price of $2.76.
Based on the consensus recommendation from 6 brokerage firms, Rackspace Technology Inc's (RXT, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
