Rambus (Nasdaq: RMBS) is expected to report Q2 earnings around July 18. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Rambus's revenues will grow 1.2% and EPS will remain in the red.

The average estimate for revenue is $56.9 million. On the bottom line, the average EPS estimate is -$0.13.

Revenue details
 Last quarter, Rambus booked revenue of $66.9 million. GAAP reported sales were 6.4% higher than the prior-year quarter's $62.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at -$0.09. GAAP EPS were -$0.09 for Q1 versus -$0.25 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 92.1%, 350 basis points better than the prior-year quarter. Operating margin was 8.5%, much better than the prior-year quarter. Net margin was -15.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $274.8 million. The average EPS estimate is -$0.24.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 425 members out of 518 rating the stock outperform, and 93 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Rambus a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rambus is outperform, with an average price target of $7.33.

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