Rambus Inc expected to post earnings of 45 cents a share - Earnings Preview

Rambus

02/02/2024 24:04

* Rambus Inc  RMBS.OQ   RMBS.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
9.5% increase in revenue to $134 million from $122.37 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data. (Majority Basis reflects ASC 605)
    * ​LSEG's mean analyst estimate for Rambus Inc is for
earnings of
45 cents per share. The company's EPS guidance on October 30
2023, for the period ended December 31, was between $0.32 and
$0.39 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$85.00​, above​ its last closing price of $68.15. ​​​

The company's guidance on October 30 2023 for the period ended
December 31 was for Capital Expenditures of USD8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.41        0.41       0.43      Beat    5.4
 Jun. 30 2023  0.39        0.39       0.44      Beat    12.8
 Mar. 31 2023  0.42        0.42       0.44      Beat    4.8​
 Dec. 31 2022  0.45        0.45       0.47      Beat    3.5
 ​​Sep.        0.41        0.41       0.41      Met     0
 30 2022                                                
 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. 31 2021  0.37        0.37       0.39      Beat    5.4
 This summary was machine generated February 2 at 00:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)