Rambus Inc reports results for the quarter ended in September 30 - Earnings Summary

Rambus

29/10/2024 02:47

* Rambus Inc  RMBS.OQ  reported quarterly adjusted earnings
of 60
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 43 cents.  The mean expectation of three analysts for the
quarter was for earnings of 51 cents per share. Wall Street
expected results to range from 50 cents to 52 cents per share.
    * Revenue rose 38.2% to $145.51 million from a year ago;
analysts
expected $147.33 million. 
    * Rambus Inc's reported EPS for the quarter was 45 cents​.
    * The company reported quarterly net income of $48.67
million.
    * Rambus Inc shares had risen by 3.0% this quarter and
lost 36.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," 2
"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
$60.50 
This summary was machine generated from LSEG data October 29 at
02:47 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
 Sep. 30 2024      0.51           0.60           Beat
 Jun. 30 2024      0.45           0.42           Missed
 Mar. 31 2024      0.44           0.37           Missed
 Dec. 31 2023      0.45           0.47           Beat