We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Rambus (RMBS) This Earnings Season?
Read MoreHide Full Article
Rambus (RMBS - Free Report) is scheduled to report third-quarter 2020 results on Nov 2.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $103 million, calling for a rise of 1.9%, year over year. The consensus mark for earnings is pegged at 27 cents per share, which suggests a significant improvement from the year-ago quarter’s loss per share of 3 cents.
The company’s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the average negative surprise being 108.4%.
Let’s see how things have shaped up for the upcoming announcement.
Key Factors
Rambus’ quarterly performance is likely to have benefited from the current work-from-home and learn-from-home trends amid the COVID-19 pandemic.
Social-distancing measures to contain the spread of coronavirus have spurred demand for PCs, notebooks and other office equipment, and network peripherals, apart from gaming and other leisure devices. Meanwhile, utilization of drones and other robots, contactless delivery tools, has also surged globally.
This, in turn, has fueled chip demand from PC manufacturers and data-center operators. Hence, Rambus, which offers components to semiconductor manufacturers, is anticipated to have gained from this scenario during the quarter under review.
Moreover, Rambus’ quarterly performance is likely to have gained from the growing momentum of tokenization solutions. In addition to mobile payments and retail, the company has expanded tokenization offerings in markets like account-based payments, e-commerce and blockchain.
What Our Model Says
Our proven model predicts an earnings beat for Rambus this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Rambus currently carries a Zacks Rank of 4 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
ON Semiconductor (ON - Free Report) has an Earnings ESP of +7.94% and carries a Zacks Rank of 2, currently.
Skyworks Solutions (SWKS - Free Report) has an Earnings ESP of +2.20% and currently carries a Zacks Rank of 2.
Have You Seen Zacks’ 2020 Election Stock Report?
The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.
The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.
Image: Bigstock
What's in Store for Rambus (RMBS) This Earnings Season?
Rambus (RMBS - Free Report) is scheduled to report third-quarter 2020 results on Nov 2.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $103 million, calling for a rise of 1.9%, year over year. The consensus mark for earnings is pegged at 27 cents per share, which suggests a significant improvement from the year-ago quarter’s loss per share of 3 cents.
The company’s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the average negative surprise being 108.4%.
Let’s see how things have shaped up for the upcoming announcement.
Key Factors
Rambus’ quarterly performance is likely to have benefited from the current work-from-home and learn-from-home trends amid the COVID-19 pandemic.
Rambus, Inc. Price and Consensus
Rambus, Inc. price-consensus-chart | Rambus, Inc. Quote
Social-distancing measures to contain the spread of coronavirus have spurred demand for PCs, notebooks and other office equipment, and network peripherals, apart from gaming and other leisure devices. Meanwhile, utilization of drones and other robots, contactless delivery tools, has also surged globally.
This, in turn, has fueled chip demand from PC manufacturers and data-center operators. Hence, Rambus, which offers components to semiconductor manufacturers, is anticipated to have gained from this scenario during the quarter under review.
Moreover, Rambus’ quarterly performance is likely to have gained from the growing momentum of tokenization solutions. In addition to mobile payments and retail, the company has expanded tokenization offerings in markets like account-based payments, e-commerce and blockchain.
What Our Model Says
Our proven model predicts an earnings beat for Rambus this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Rambus currently carries a Zacks Rank of 4 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
CDW Corporation (CDW - Free Report) has an Earnings ESP of +6.76% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ON Semiconductor (ON - Free Report) has an Earnings ESP of +7.94% and carries a Zacks Rank of 2, currently.
Skyworks Solutions (SWKS - Free Report) has an Earnings ESP of +2.20% and currently carries a Zacks Rank of 2.
Have You Seen Zacks’ 2020 Election Stock Report?
The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.
The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.
Check out Zacks’ 2020 Election Stock Report >>