Rambus's Earnings: A Preview

Rambus (NASDAQ:RMBS) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Rambus will report an earnings per share (EPS) of $0.51.

Investors in Rambus are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.02, leading to a 12.99% drop in the share price on the subsequent day.

Here's a look at Rambus's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.44

0.44

0.45

0.41

EPS Actual

0.46

0.45

0.47

0.44

Price Change %

-13.0%

-9.0%

-19.0%

9.0%

Tracking Rambus's Stock Performance

Shares of Rambus were trading at $42.04 as of October 24. Over the last 52-week period, shares are down 12.6%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analysts' Perspectives on Rambus

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Rambus.

With 1 analyst ratings, Rambus ...