NASDAQ$RXT
Rackspace Technology Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong execution and performance, capitalizing on the multicloud market opportunity.
Rackspace Technology reported a revenue of $682 million, a 13% increase year-over-year. The company's adjusted EPS was $0.19, a 36% increase year-over-year. However, the company experienced a net loss of $101 million, or $(0.54) per diluted share.
- Third Quarter Revenue of $682 million, up 13% Year-over-Year
- Record Quarterly Bookings of $315 million, an increase of 64% Year-over-Year
- Net loss of $101 million, or $(0.54) per diluted share
- Adjusted Earnings Per Share of $0.19, up 36% Year-over-Year
Headline financials
Revenue & EPS history
Rackspace · Revenue · Quarterly
$682M
Forward guidance
Rackspace Technology is increasing guidance for full year 2020.
Tailwinds
- Consolidated revenue growth, Year-over-Year in constant currency: 10.0% - 11.0%
- Core Revenue growth, Year-over-Year in constant currency: 14.0% - 15.0%
- Adjusted EBITDA: $758 million - $762 million
- Adjusted Earnings Per Share: $0.79 - $0.81
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+2.3%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-6.8%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+67.4%
Q4 2025
Best reaction
-20.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +55.5% | +63.2% | +33.1% | |
| Q4 2025 | +67.4% | +82.2% | -22.2% | |
| Q3 2025 | -15.3% | -18.5% | -30.1% | |
| Q1 2025 | -13.4% | -11.1% | -18.1% | |
| Q4 2024 | +0.7% | -9.0% | -35.1% | |
| Q3 2024 | +8.6% | -13.3% | -10.4% | |
| Q2 2024 | +6.1% | +13.2% | -0.5% | |
| Q1 2024 | +5.9% | +11.3% | +17.7% | |
| Q4 2023 | -14.8% | +14.9% | +13.0% | |
| Q3 2023 | -1.8% | -10.0% | +7.9% | |
| Q2 2023 | +13.6% | +6.6% | +0.9% | |
| Q1 2023 | -14.0% | -18.7% | +16.2% | |
| Q4 2022 | -2.6% | -14.2% | -35.8% | |
| Q3 2022 | +22.1% | +17.5% | -33.4% | |
| Q2 2022 | -17.6% | -18.2% | -29.7% | |
| Q1 2022 | -10.9% | +4.0% | -13.3% | |
| Q4 2021 | -20.6% | -6.5% | -7.3% | |
| Q3 2021 | +12.5% | +3.4% | -9.4% | |
| Q2 2021 | -14.5% | -17.0% | -12.7% | |
| Q1 2021 | -19.9% | -18.0% | -10.8% | |
| Q4 2020 | -14.8% | -14.0% | -1.8% | |
| Q3 2020 | -1.7% | -7.2% | +13.1% | |
| Q4 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2020 | +8.6% | +1.4% | -0.2% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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