Rambus Earnings Preview
Portfolio Pulse from Benzinga Insights
Rambus (NASDAQ:RMBS) is set to release its quarterly earnings report on Monday, 2023-07-31. Analysts estimate an earnings per share (EPS) of $0.40. Last quarter, the company missed EPS by $0.39, which was followed by a 7.13% increase in the share price. Shares of Rambus were trading at $60.97 as of July 27, with a 147.47% increase over the last 52-week period.
July 28, 2023 | 6:02 pm
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NEUTRAL IMPACT
Rambus is expected to report an EPS of $0.40 in its upcoming earnings. Despite missing EPS estimates last quarter, the stock price increased by 7.13%. The stock has seen a 147.47% increase over the last 52 weeks.
Rambus's stock price increased despite missing EPS estimates last quarter, indicating that the market may not be heavily influenced by the company's earnings performance. However, the upcoming earnings report could still impact the stock price, especially if there are significant deviations from the estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100