Rackspace Tech Q3 Outlook: Revenue $668M-$680M Vs. $671.98M Estimate, Adj. EPS $(0.06) - $(0.08 Vs. $(0.07) Estimate
Portfolio Pulse from Benzinga Newsdesk
Rackspace Technology has provided its Q3 2024 financial guidance, forecasting total revenue between $668 million and $680 million, and an adjusted EPS loss between $(0.06) and $(0.08). The guidance is close to analyst estimates, with revenue slightly above and EPS in line with expectations.
August 08, 2024 | 8:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rackspace Technology's Q3 2024 guidance forecasts total revenue between $668 million and $680 million, slightly above the $671.98 million estimate, and an adjusted EPS loss between $(0.06) and $(0.08), in line with the $(0.07) estimate.
The revenue guidance is slightly above analyst estimates, which could be seen positively by investors. The EPS guidance is in line with expectations, which may not significantly impact the stock price. Overall, the guidance is likely to have a mildly positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100