Rambus Inc (NASDAQ: RMBS) has reported earnings for its first fiscal quarter (ending March 31) of $0.30 versus $0.03 for the same period a year ago — an increase of 900%. Relative to the consensus estimate of $0.59, this was a shortfall of $-0.29. For the latest four quarters through March 31, E.P.S. were $3.34 versus $0.51 for the same period a year ago — an increase of 555%.
Recent Price Action
On 4/29/24, Rambus Inc (NASDAQ: RMBS) stock enjoyed a large increase of 2.1%, closing at $60.48. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and has risen 10.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RMBS is expected to continue to be a major Value Builder.
Rambus has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Rambus has a poor Appreciation Score of 16 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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