• Rackspace Technology Inc RXT.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of six analysts for the quarter was for a loss of 8 cents per share. -8 cents per share.

• Revenue fell 3.7% to $665.40 million from a year ago; analysts expected $658.18 million.

• Rackspace Technology Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $71.5 million.

• Rackspace Technology Inc shares had fallen by 15.4% this quarter and lost 35.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "hold"

• Wall Street's median 12-month price target for Rackspace Technology Inc is $3.00

This summary was machine generated from LSEG data May 8 at 11:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)