Rambus Inc reports results for the quarter ended in January - Earnings Summary

Rambus

30/04/2024 03:28

* Rambus Inc  RMBS.OQ  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of five analysts for the quarter
was for earnings of 44 cents per share. 
    * Revenue rose 3.6% to $117.87 million from a year ago;
analysts
expected $132.00 million. 
    * Rambus Inc's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $32.9
million.
    * Rambus Inc shares had fallen by 4.2% this quarter and
lost 13.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Rambus Inc is
$80.00 
This summary was machine generated from LSEG data April 30 at
02:28 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.44           0.37           Missed
 Dec. 31 2023      0.45           0.47           Beat
 Sep. 30 2023      0.41           0.43           Beat
 Jun. 30 2023      0.39           0.44           Beat