Rambus(RMBS) ZACKS·2024-07-29 23:36Company Performance - Rambus reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, and compared to earnings of $0.44 per share a year ago [7] - The company posted revenues of $137.2 million for the quarter ended June 2024, which was 1.30% below the Zacks Consensus Estimate and down from $139.3 million year-over-year [14] - Over the last four quarters, Rambus has surpassed consensus EPS estimates four times [8] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $156.1 million, and for the current fiscal year, it is $1.78 on revenues of $599.7 million [5] - The estimate revisions trend for Rambus is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [10] Industry Context - The Electronics - Semiconductors industry, to which Rambus belongs, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [11] - Another company in the same industry, Diodes, is expected to report quarterly earnings of $0.27 per share, reflecting a year-over-year decline of 83% [12]