Renaissancere Holdings Ltd expected to post earnings of $6.26 a share - Earnings Preview

RenaissanceRe Holdings

31/10/2023 24:34

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
rise in quarterly revenue when it reports  results on November
1. 
    * The Pembroke Bermuda-based   company is expected to report
 a
49.0% increase in revenue to $1.917 billion from $1.29 billion a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Renaissancere
Holdings
Ltd is for earnings of $6.26 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "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 $244.5​, above​ its last closing price
of $211.92. ​​​

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 2023  7.22        7.47       8.79      Beat    17.7
 Mar. 31 2023  7.22        7.24       8.16      Beat    12.7
 Dec. 31 2022  6.36        6.40       7.33      Beat    14.5​
 Sep. 30 2022  -8.40       -7.74      -9.27     Missed  -19.8
 ​​Jun.        5.13        5.11       5.51      Beat    7.8
 30 2022                                                
 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
 This summary was machine generated October 31 at 00:34 GMT.  All
figures in US dollars  unless otherwise stated