Rambus Earnings: Here’s Why Investors Like These Results
Rambus Inc. (NASDAQ:RMBS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.04%.
Rambus Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.09 in the quarter versus EPS of $-0.25 in the year-earlier quarter.
Revenue: Rose 6.43% to $66.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rambus Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It missed the average revenue estimate of $67 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 16.47% from $57.44 million in the previous quarter. EPS increased to $-0.09 in the quarter versus EPS of $-0.14 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.07 and has not changed. For the current year, the average estimate has moved up from a loss of $0.36 to a loss of $0.17 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)