Rackspace Technology Past Earnings Performance
Past criteria checks 0/6
Rackspace Technology's earnings have been declining at an average annual rate of -41.5%, while the IT industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 3.2% per year.
Key information
-41.5%
Earnings growth rate
-38.0%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 3.2% |
| Return on equity | n/a |
| Net Margin | -27.9% |
| Next Earnings Update | 20 Feb 2025 |
Recent past performance updates
Recent updates
Rackspace Technology: Too Much Risk, Too Little Reward
Jan 28Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Is Matching Sentiment Around Its Revenues
Oct 09
What Does Rackspace Technology, Inc.'s (NASDAQ:RXT) Share Price Indicate?
Apr 24Improved Revenues Required Before Rackspace Technology, Inc. (NASDAQ:RXT) Stock's 28% Jump Looks Justified
Mar 09A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Jan 23Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%
Dec 22These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong
Jul 05Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down
Feb 28Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Oct 19Rackspace's Cloud Transformation Is Promising But The Risks Are High
Oct 07Rackspace Technology names finance chief as CEO
Sep 26Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M
Aug 09Revenue & Expenses Breakdown
How Rackspace Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,771 | -774 | 634 | 44 |
| 30 Jun 24 | 2,828 | -814 | 644 | 44 |
| 31 Mar 24 | 2,889 | -866 | 644 | 44 |
| 31 Dec 23 | 2,957 | -838 | 660 | 44 |
| 30 Sep 23 | 3,024 | -1,080 | 692 | 25 |
| 30 Jun 23 | 3,080 | -1,365 | 717 | 25 |
| 31 Mar 23 | 3,106 | -1,378 | 723 | 25 |
| 31 Dec 22 | 3,122 | -805 | 729 | 25 |
| 30 Sep 22 | 3,113 | -674 | 729 | 28 |
| 30 Jun 22 | 3,088 | -197 | 716 | 28 |
| 31 Mar 22 | 3,059 | -193 | 726 | 28 |
| 31 Dec 21 | 3,010 | -218 | 732 | 28 |
| 30 Sep 21 | 2,948 | -199 | 744 | 37 |
| 30 Jun 21 | 2,868 | -266 | 779 | 37 |
| 31 Mar 21 | 2,780 | -262 | 771 | 37 |
| 31 Dec 20 | 2,707 | -246 | 793 | 37 |
| 30 Sep 20 | 2,618 | -229 | 831 | 12 |
| 30 Jun 20 | 2,538 | -188 | 802 | 24 |
| 31 Mar 20 | 2,484 | -93 | 799 | 38 |
| 31 Dec 19 | 2,438 | -102 | 799 | 56 |
| 31 Dec 18 | 2,453 | -471 | 808 | 75 |
| 31 Dec 17 | 2,145 | -60 | 823 | 93 |
Quality Earnings: RXT is currently unprofitable.
Growing Profit Margin: RXT is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RXT is unprofitable, and losses have increased over the past 5 years at a rate of 41.5% per year.
Accelerating Growth: Unable to compare RXT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RXT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-2.6%).
Return on Equity
High ROE: RXT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 00:36 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rackspace Technology, Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ramsey El-Assal | Barclays |
| Keith Bachman | BMO Capital Markets Equity Research |
| Ashwin Shirvaikar | Citigroup Inc |