Renaissancere Holdings Ltd expected to post earnings of $7.24 a share - Earnings Preview

RenaissanceRe Holdings

29/04/2023 03:03

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
rise in quarterly revenue when it reports  results on May 2. 
    * The Pembroke Bermuda-based   company is expected to report
 a
105.8% increase in revenue to $1.804 billion from $876.42
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Renaissancere
Holdings
Ltd is for earnings of $7.24 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 $239.5​, above​ its last closing price
of $215.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  5.13        5.11       5.51      Beat    7.8​
 Mar. 31 2022  4.70        4.76       3.50      Missed  -26.4
 ​​Dec.        4.71        4.54       4.71      Beat    3.7
 31 2021                                                
 Sep. 30 2021  -9.51       -9.38      -8.98     Beat    4.3​
 Jun. 30 2021  4.68        4.74       5.64      Beat    19
 Mar. 31 2021  0.47        0.48       0.09      Missed  -81.1
 This summary was machine generated April 29 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated