Rackspace Technology (RXT) Expected to Announce Earnings on Thursday

Key Points

• Rackspace Technology is expected to announce its Q2 2025 earnings on Thursday, August 7th, with analysts predicting a loss of ($0.05) per share and revenue of $658.86 million.
• In its previous quarterly results, Rackspace reported a revenue of $665.40 million, slightly exceeding expectations, despite a 3.7% decline compared to the same quarter last year.
• Recent analyses have led to a consensus rating of "Hold" for Rackspace, with target prices ranging from $1.00 to $2.00 among various brokerages.

Rackspace Technology (NASDAQ:RXT - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Thursday, August 7th. Analysts expect Rackspace Technology to post earnings of ($0.05) per share and revenue of $658.86 million for the quarter. Rackspace Technology has set its Q2 2025 guidance at -0.060--0.040 EPS.

Rackspace Technology (NASDAQ:RXT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $665.40 million for the quarter, compared to analysts' expectations of $657.98 million. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share.

Rackspace Technology Price Performance

Shares of RXT stock traded up $0.06 during trading hours on Monday, reaching $1.24. 195,174 shares of the company's stock were exchanged, compared to its average volume of 960,437. The company has a market cap of $293.18 million, a P/E ratio of -0.96 and a beta of 2.06. The company's 50 day moving average is $1.29 and its two-hundred day moving average is $1.71. Rackspace Technology has a 1 year low of $1.00 and a 1 year high of $3.41.

Institutional Investors Weigh In On Rackspace Technology

A hedge fund recently bought a new stake in Rackspace Technology stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rackspace Technology, Inc. (NASDAQ:RXT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 66,951 shares of the company's stock, valued at approximately $113,000. Institutional investors and hedge funds own 82.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RXT. Wall Street Zen raised Rackspace Technology from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group dropped their price objective on Rackspace Technology from $2.95 to $1.90 and set a "neutral" rating for the company in a research note on Friday, May 9th. Raymond James Financial reaffirmed a "market perform" rating on shares of Rackspace Technology in a research note on Monday, June 2nd. Royal Bank Of Canada dropped their price objective on Rackspace Technology from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Barclays dropped their price objective on Rackspace Technology from $2.00 to $1.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Rackspace Technology currently has a consensus rating of "Hold" and a consensus target price of $1.63.

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.