Rambus Inc expected to post earnings of 39  cents a share - Earnings Preview

Rambus

29/07/2023 03:40

* Rambus Inc  RMBS.OQ   RMBS.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 31. 
    * The San Jose California-based  company is expected to
report  a
4.3% decrease in revenue to $133.2 million from $139.2 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on May 1 2023, for the
period ended June 30, was for revenue between $111.00 million
and $117.00 million.
    * ​Refinitiv's mean analyst estimate for Rambus Inc is for
earnings of 39 cents per share. The company's EPS guidance on
May 1 2023, for the period ended June 30, was between $0.20 and
$0.26 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rambus Inc
is
$70​, above​ its last closing price of $62.56. ​​​

The company's guidance on May 1 2023 for the period ended June
30 was for Capital Expenditures of USD10 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.42        0.42       0.44      Beat    4.8
 Dec. 31 2023              0.45                         
 Sep. 30 2022  0.41        0.41       0.41      Met     0​
 Jun. 30 2022  0.40        0.40       0.35      Missed  -12.5
 ​​Mar.        0.37        0.37       0.18      Missed  -51.4
 31 2022                                                
 Dec. 31 2021  0.37        0.37       0.39      Beat    5.4​
 Sep. 30 2021  0.33        0.33       0.34      Beat    3
 Jun. 30 2021  0.31        0.31       0.34      Beat    9.7
 This summary was machine generated July 29 at 02:40 GMT.  All
figures in US dollars  unless otherwise stated