Rambus (RMBS) Scheduled to Post Earnings on Monday

Rambus (NASDAQ:RMBS - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Rambus has set its Q3 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Rambus (NASDAQ:RMBS - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.12). Rambus had a net margin of 48.31% and a return on equity of 16.74%. The firm had revenue of $132.10 million during the quarter, compared to the consensus estimate of $139.00 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business's revenue for the quarter 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 Up 1.1 %

Shares of RMBS traded up $0.45 during midday trading on Monday, reaching $41.63. 771,979 shares of the stock were exchanged, compared to its average volume of 1,576,870. The stock's 50 day simple moving average is $42.16 and its 200 day simple moving average is $51.60. Rambus has a twelve month low of $37.42 and a twelve month high of $76.38. The company has a market cap of $4.49 billion, a P/E ratio of 12.59 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RMBS shares. Susquehanna lowered their target price on shares of Rambus from $75.00 to $66.00 and set a "positive" rating on the stock in a report on Friday, July 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, September 10th.

About Rambus

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.