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

Rambus

26/07/2024 23:15

* Rambus Inc  RMBS.OQ   RMBS.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 29 for the
period ending June 30 2024
    * The San Jose California-based  company is expected to
report a
15.9% increase in revenue to $138.9 million from $119.83 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on April 29 2024, for
the period ended June 30, was for revenue between $130.00
million and $136.00 million.
    * ​LSEG's mean analyst estimate for Rambus Inc is for
earnings of
45 cents per share. The company's EPS guidance on April 29 2024,
for the period ended June 30, was between $0.38 and $0.45 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$77.50​, above​ its last closing price of $56.80. ​​​

The company's guidance on April 29 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between USD50
million and USD60 million.The company's guidance on April 29
2024 for the period ended June 30 was for Capital Expenditures
of USD13 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  
 Mar. 31 2024  0.44        0.44       0.37      Missed  -15.9
 Dec. 31 2024  0.45        0.45       0.47      Beat    4.9
 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.        0.42        0.42       0.44      Beat    4.8
 31 2023                                                
 Dec. 31 2022  0.45        0.45       0.47      Beat    3.5​
 Sep. 30 2022  0.41        0.41       0.41      Met     0
 Jan. 1 0001   0.40        0.40       0.35      Missed  -12.5
 This summary was machine generated July 26 at 22:15 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)