Rambus Inc. (RMBS): Earnings Whisper?

Rambus Inc. (RMBS) is set to release 2Q15 earnings after the close today. The Street is looking for EPS of $0.13 and revenue of $73.24 million. Last quarter, the company posted a significant positive earnings surprise of 71.4%, reporting EPS of $0.14, $0.08 better than the Street’s consensus estimate of $0.06. Revs however, fell 6.9% YoY to $72.9 million versus the $78.3 million reported. Meanwhile, ticker’s earnings whisper number calls for revenue of $73.23 million.

On valuation measures, RMBS shares are currently priced at 56.65x this year’s forecasted earnings, which makes them expensive compared to the industry’s 14.70x earnings multiple. The firm’s current year and next year EPS growth estimates stand at 200% and 3.20% compared to the industry growth rates of 16.90% and 29.80%, respectively. RMBS has a t-12 price/sales ratio of 5.11. EPS for the same period registers at $0.23.

Shares of Sunnyvale, Calif.-based technology solutions firm, which is currently valued at $1.50 billion, have a median Wall Street price target of $15.50 with a high target of $17.50. RMBS has declined 13.13% in the last 4 weeks while advancing 0.93% in the past three months. Over the past 5 trading sessions the stock has lost 2.40%. Ticker is down 3.91% year-over-year ; up 17.49% year-to-date.

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