Renaissancere Holdings Ltd expected to post a loss of $7.74 a share - Earnings Preview

RenaissanceRe Holdings

28/10/2022 22:52

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
fall in quarterly revenue when it reports  results on November
1. 
    * The Pembroke Bermuda-based   company is expected to report
 a
28.4% decrease in revenue to $1.106 billion from $1.54 billion a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Renaissancere
Holdings
Ltd is for a loss of $7.74 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
Renaissancere
Holdings Ltd is $168​, above​ its last closing price of $148.63.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  5.13        5.11       5.51      Beat    7.8
 Mar. 31 2022  4.70        4.76       3.50      Missed  -26.4
 Dec. 31 2021  4.71        4.54       4.71      Beat    3.7​
 Sep. 30 2021  -9.51       -9.38      -8.98     Beat    4.3
 ​​Jun.        4.68        4.74       5.64      Beat    19
 30 2021                                                
 Mar. 31 2021  0.47        0.48       0.09      Missed  -81.1​
 Dec. 31 2020  -1.06       -1.27      -1.59     Missed  -24.8
 Sep. 30 2020  -1.89       -1.95      -2.64     Missed  -35.2
 This summary was machine generated October 28 at 21:52 GMT.  All
figures in US dollars  unless otherwise stated