NASDAQ$RXT
Rackspace Technology Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Rackspace Technology's financial performance improved with increased revenue and Non-GAAP EPS, despite a net loss.
Rackspace Technology reported a record revenue of $763 million for Q3 2021, a 12% increase year-over-year. Core revenue grew by 15% to $718 million. The company experienced a net loss of $(35) million, but non-GAAP EPS increased by 32% year-over-year to $0.25.
- Revenue reached a record $763 million, up 12% year-over-year.
- Core Revenue increased by 15% to $718 million.
- Non-GAAP Earnings Per Share grew 32% year-over-year to $0.25.
- Operating activities generated $102 million in cash flow.
Headline financials
Revenue & EPS history
Rackspace · Revenue · Quarterly
$763M
Forward guidance
Rackspace Technology provided guidance for Q4 2021 and full year 2021.
Tailwinds
- Revenue is expected to be between $766 million and $776 million for Q4 2021.
- Core Revenue is projected to be in the range of $724 million to $732 million for Q4 2021.
- Non-GAAP Operating Profit is anticipated to be between $118 million and $122 million for Q4 2021.
- Non-GAAP Earnings Per Share are forecasted to be between $0.23 and $0.25 for Q4 2021.
- Revenue is expected to be between $2.998 billion and $3.008 billion for the full year 2021.
Headwinds
- Non-GAAP Other Income (Expense) is expected to be ($51) – ($52) million for Q4 2021.
- Non-GAAP Tax Expense Rate is projected at 26% for Q4 2021.
- Non-GAAP Weighted Average Shares are expected to be 212 – 214 million for Q4 2021.
- Core Revenue is projected to be in the range of $2.815 billion to $2.823 billion for the full year 2021.
- Non-GAAP Operating Profit is anticipated to be between $480 million and $484 million for the full year 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
+2.3%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-8.4%
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 | +56.0% | +63.6% | — | |
| 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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