Renaissancere Holdings Ltd expected to post earnings of $5.11 a share - Earnings Preview

RenaissanceRe Holdings

23/07/2022 01:49

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
rise in quarterly revenue when it reports  results on July 25. 
    * The Pembroke Bermuda-based   company is expected to report
 a
6.6% increase in revenue to $1.575 billion from $1.48 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 earnings of $5.11 per share. For the same quarter
last year, the company reported earnings of $5.64 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 $139.50.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  4.70        4.76       3.50      Missed  -26.4
 Dec. 31 2022  4.71        4.54       4.71      Beat    3.7
 Sep. 30 2021  -9.51       -9.38      -8.98     Beat    4.3​
 Jun. 30 2021  4.68        4.74       5.64      Beat    19
 ​​Mar.        0.47        0.48       0.09      Missed  -81.1
 31 2021                                                
 Dec. 31 2020  -1.06       -1.27      -1.59     Missed  -24.8​
 Sep. 30 2020  -1.89       -1.95      -2.64     Missed  -35.2
 Jun. 30 2020  2.44        2.36       4.06      Beat    72.3
 This summary was machine generated July 23 at 00:49 GMT.  All
figures in US dollars  unless otherwise stated