Rambus (RMBS) Scheduled to Post Earnings on Monday

Rambus (NASDAQ:RMBS) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Rambus to post earnings of $0.50 per share for the quarter. Rambus has set its Q3 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). Rambus had a net margin of 48.31% and a return on equity of 16.74%. The business had revenue of $132.10 million during the quarter, compared to analyst estimates of $139.00 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts expect Rambus to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Rambus Stock Performance

Shares of Rambus stock opened at $43.50 on Friday. The firm has a market cap of $4.68 billion, a P/E ratio of 20.81 and a beta of 1.19. The firm’s 50-day simple moving average is $41.89 and its 200-day simple moving average is $51.02. Rambus has a twelve month low of $37.42 and a twelve month high of $76.38.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research note on Tuesday, September 10th. Susquehanna lowered their price target on Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a research report on Friday, July 26th.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.