Rambus Inc expected to post earnings of 41  cents a share - Earnings Preview

Rambus

28/10/2023 03:41

* Rambus Inc  RMBS.OQ   RMBS.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The San Jose California-based  company is expected to
report  a
13.8% decrease in revenue to $124.6 million from $144.52 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on July 31 2023,
for the period ended September 30, was for revenue between
$96.00 million and $102.00 million.
    * ​Refinitiv's mean analyst estimate for Rambus Inc is for
earnings of 41 cents per share. The company's EPS guidance on
July 31 2023, for the period ended September 30, was between
$0.15 and $0.21 
    * 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
$71.5​, above​ its last closing price of $51.61. ​​​

The company's guidance on July 31 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD21 million and USD31 million.The company's guidance on July
31 2023 for the period ended September 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  
 Jun. 30 2023  0.39        0.39       1.78      Beat    356.4
 Mar. 31 2023  0.42        0.42       0.44      Beat    4.8
 Dec. 31 2022              0.45                         ​
 Sep. 30 2022  0.41        0.41       0.41      Met     0
 ​​Jun.        0.40        0.40       0.35      Missed  -12.5
 30 2022                                                
 Mar. 31 2022  0.37        0.37       0.18      Missed  -51.4​
 Dec. 31 2021  0.37        0.37       0.39      Beat    5.4
 Sep. 30 2021  0.33        0.33       0.34      Beat    3
 This summary was machine generated October 28 at 02:41 GMT.  All
figures in US dollars  unless otherwise stated