Earnings Preview: Rambus
Portfolio Pulse from Benzinga Insights
Rambus (NASDAQ:RMBS) is set to release its quarterly earnings report on October 30, 2023. Analysts estimate an earnings per share (EPS) of $0.41. The company's previous quarter saw a miss in EPS by $0.08, resulting in a 12.36% drop in share price. Over the last 52-week period, Rambus shares have increased by 69.61%.
October 27, 2023 | 7:01 pm
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NEUTRAL IMPACT
Rambus is expected to report an EPS of $0.41. Last quarter's EPS miss resulted in a 12.36% drop in share price. However, the stock has seen a 69.61% increase over the last 52 weeks.
The upcoming earnings report is crucial for Rambus. The company's stock price dropped significantly after missing EPS estimates last quarter. However, the stock has performed well over the past year, which may give investors confidence. The impact of the earnings report will depend on whether Rambus meets or exceeds the EPS estimate and the guidance it provides for future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100