Rackspace Tech Sees Q1 2024 Adj. EPS $(0.14)-$(0.12) Vs $(0.04) Est.; Revenue $680M-$690M Vs $709.378M Est.
Portfolio Pulse from Benzinga Newsdesk
Rackspace Technology forecasts its Q1 2024 adjusted EPS to be between $(0.14) and $(0.12), missing the $(0.04) estimate. The company also projects its revenue to be between $680M and $690M, which is below the expected $709.378M.
March 12, 2024 | 8:18 pm
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Rackspace Technology's Q1 2024 earnings and revenue forecasts are below analysts' expectations, indicating potential challenges ahead.
Rackspace Technology's projected adjusted EPS and revenue for Q1 2024 are both below analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant miss in both earnings and revenue forecasts suggests that the company may be facing operational or market challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100