Rackspace Technology (NASDAQ:RXT – Get Free Report) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Rackspace Technology has set its Q1 guidance at ($0.14)-($0.12) EPS and its Q1 2024 guidance at -0.140–0.120 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Rackspace Technology (NASDAQ:RXT – Get Free Report) last posted its earnings results on Tuesday, March 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. Rackspace Technology had a negative net margin of 28.33% and a negative return on equity of 10.18%. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $714.74 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts expect Rackspace Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Rackspace Technology Stock Down 0.5 %
Shares of RXT stock opened at $1.81 on Wednesday. The company has a market cap of $404.77 million, a PE ratio of -0.46 and a beta of 1.83. The business’s 50 day moving average is $1.74 and its two-hundred day moving average is $1.67. Rackspace Technology has a 12 month low of $1.05 and a 12 month high of $3.10.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Rackspace Technology
Insider Buying and Selling at Rackspace Technology
In other Rackspace Technology news, CEO Amar Maletira sold 37,446 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1.92, for a total value of $71,896.32. Following the completion of the sale, the chief executive officer now owns 4,638,423 shares in the company, valued at $8,905,772.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
About Rackspace Technology
Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.
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