Rackspace Sees Q4 Adj. EPS $(0.05)-$(0.03) vs $(0.04) Est., Total Revenue $710M-$720M vs $736.98M Est.
Portfolio Pulse from Benzinga Newsdesk
Rackspace has projected its Q4 adjusted EPS to be between $(0.05) and $(0.03), which is worse than the estimated $(0.04). The company also expects its total revenue to be between $710M and $720M, lower than the estimated $736.98M.
November 07, 2023 | 10:07 pm
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NEGATIVE IMPACT
Rackspace's lower than expected Q4 adjusted EPS and total revenue projections could negatively impact its stock price.
Rackspace's projected Q4 adjusted EPS and total revenue are both lower than estimates. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100