Today, after market closes, Rackspace Inc. is releasing its Q2 2015 earning results.
Analysts expect Rackspace Hosting to post earnings of $0.20 per share and revenue of $490.54 million for the quarter, giving Rackspace Hosting, Inc. (NYSE:RAX) a mean recommendation of 2.30. The company has grown -37.82% in the past 3 months, but the stock has earnings growth of 11.10% year over year and showed a high EPS growth of +26.30% over the past five years. On Friday, shares were trading -12.05% below their 50-day moving average, and -26.52% below their 200-day moving average.
In its previous earning results, the hosting company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. During the same quarter last year, the company posted $0.18 earnings per share. The business had revenue of $480.20 million for the quarter, compared to the consensus estimate of $481 million. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect Rackspace Hosting to post $0.87 EPS for the current fiscal year and $1.10 EPS for the next fiscal year.