Yahoo Finance Rackspace Technology Full Year 2022 Earnings: EPS Misses Expectations
Rackspace Technology (NASDAQ:RXT) Full Year 2022 Results
Key Financial Results
Revenue: US$3.12b (up 3.7% from FY 2021).
Net loss: US$804.8m (loss widened by 269% from FY 2021).
US$3.81 loss per share (further deteriorated from US$1.05 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rackspace Technology EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 10.0% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 17% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Rackspace Technology that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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