Rackspace Hosting earning estimates report feb 13 2012

Rackspace Hosting earning estimates report feb 13 2012 ; Wall Street is high on Rackspace Hosting (RAX), expecting it to report earnings that are up 50% from a year ago when it reports its fourth quarter earnings on Monday, February 13, 2012. The consensus estimate is 15 cents per share, up from earnings of 10 cents per share a year ago.

What to Expect:
The consensus estimate has fallen over the past three months, from 16 cents. Analysts are projecting earnings of 53 cents per share for the fiscal year.

Revenue is projected to eclipse the year-earlier total of $214.7 million by 30.9%, finishing at $281.1 million for the quarter. For the year, revenue is projected to come in at $1.02 billion.

Trends to Watch For:
In each of the last four quarters, the company has seen double-digit year-over-year revenue growth. Over that span, the company has averaged growth of 29.9%, with the biggest boost coming in the most recent quarter when revenue rose 32.5% from the year earlier quarter.

The company’s profit has been on the rise for three quarters in a row. In the most recent quarter, profit increased 69.2% year-over-year. Going back two quarters, net income rose 56.8% in the second quarter and 40.9% in the first quarter.

Analyst Ratings:
The majority of analysts (61.1%) rate Rackspace as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 52.1% buys. Analysts have become more cautious about the stock in the last three months.

Competitors:
Rackspace Hosting provides hosting and cloud computing services. One of Rackspace’s main competitors in the internet software and services industry is Akamai Technologies (AKAM). Other competitors in the information technology sector include: Equinix (EQIX), Computer (CSC), and Internap Network Services (INAP).

Over the past quarter, the stock price has risen to $49.65 from $42.24 on November 14, 2011. The stock price is currently at its 52-week high.

Earnings estimates provided by Zacks.
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