Rambus Inc. (RMBS) is set to announce its Q315 earnings after the market close on Monday, October 19. Analysts expect the technology solutions provider to report earnings per share of $0.15 and revenue of $76.21 million. That would be $0.02 higher the $0.13 per share posted last quarter, and $0.02 higher the $0.13 posted in the Q314. Revenue is projected to be $6.51 million higher than the $69.7 million posted in the same period a year earlier.
As a quick reminder, RMBS reported Q215 EPS of $0.13, in-line with the Street’s consensus. Revs declined 4.84% year-over-year to $72.8 million vs. the $73.23 million consensus.
On valuation measures, Rambus Inc. shares are priced at 55.08x this year’s forecasted earnings, compared to the industry’s 11.87x earnings multiple. The company’s current year and next year EPS growth estimates stand at 190.50% and 14.80%, compared to the industry growth rates of 13.10% and 25.70%, respectively. RMBS has a t-12 price-to-sales ratio of 5.57. EPS for the same period registers at $0.25.
Rambus shares have advanced 14.18% in the last 4 weeks and 6.09% in the past three months. Over the past 5 trading sessions the stock has gained 8.85%. The Sunnyvale, California-based company, which is currently valued at $1.60 billion, has a median Wall Street price target of $15.50 with a high target of $17.50.
Rambus Inc. is up 26.68% year-over-year, compared with a 6.78% gain in the S&P 500.