Rambus's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Rambus (NASDAQ:RMBS) is set to announce its quarterly earnings on October 28, 2024. Analysts estimate an EPS of $0.51. Despite past EPS beats, Rambus's stock has seen significant price drops post-announcement. Currently trading at $42.04, the stock is down 12.6% over the past year. Analysts have a 'Buy' rating with a price target of $85, suggesting a 102.19% upside. Rambus shows strong financial health with high net margins and ROE, but lags in revenue growth compared to peers.
October 25, 2024 | 5:02 pm
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Rambus is expected to announce its earnings with an estimated EPS of $0.51. Despite past EPS beats, the stock has experienced significant price drops post-announcement. Analysts maintain a 'Buy' rating with a price target of $85, indicating a potential upside.
Rambus's upcoming earnings announcement is crucial as past EPS beats have led to stock price drops. The 'Buy' rating and high price target suggest potential upside, but past performance indicates caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100