Rambus Inc expected to post earnings of 42  cents a share - Earnings Preview

Rambus

29/04/2023 03:04

* Rambus Inc  RMBS.OQ   RMBS.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 1. 
    * The San Jose California-based  company is expected to
report  a
10.0% increase in revenue to $146 million from $132.69 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on February 6 2023,
for the period ended March 31, was for revenue between $107.00
million and $113.00 million.
    * ​Refinitiv's mean analyst estimate for Rambus Inc is for
earnings of 42 cents per share. The company's EPS guidance on
February 6 2023, for the period ended March 31, was between
$0.13 and $0.20 
    * 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
$57.5​, above​ its last closing price of $44.34. ​​​

The company's guidance on February 6 2023 for the period ended
March 31 was for Capital Expenditures of USD9 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  
 Dec. 31 2022              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. 31 2022  0.37        0.37       0.18      Missed  -51.4
 ​​Dec.        0.37        0.37       0.39      Beat    5.4
 31 2021                                                
 Sep. 30 2021  0.33        0.33       0.34      Beat    3​
 Jun. 30 2021  0.31        0.31       0.34      Beat    9.7
 Mar. 31 2021  0.28        0.28       0.30      Beat    8.1
 This summary was machine generated April 29 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated