RXT to Report Q4 Earnings: What's in the Offing for the Stock?

Group 1 - Rackspace Technology (RXT) is set to report its fourth-quarter 2024 results on February 20, after market close [1][9] - The Zacks Consensus Estimate for RXT's revenues in the upcoming quarter is $675.2 million, reflecting a 6.2$413.3 million, indicating a 5% year-over-year decline due to reduced cloud infrastructure volumes [3][4] - Private Cloud revenues are estimated at $261.8 million, showing an 8% year-over-year decline, attributed to customers transitioning away from older-generation offerings [4] - The consensus estimate for earnings per share in the upcoming quarter is 4 cents, suggesting a 33.3% decrease from the previous year's actual [4] Group 2 - Rackspace Technology has a history of earnings surprises, having beaten the Zacks Consensus Estimate in the last four quarters with an average surprise of 29.4% [2] - The current Earnings ESP for RXT is 0.00%, and it holds a Zacks Rank of 3 (Hold), indicating uncertainty regarding an earnings beat this time [5][6]