Renaissancere Holdings Ltd expected to post earnings of $7.49 a share - Earnings Preview

RenaissanceRe Holdings

22/07/2023 01:35

* 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
122.0% increase in revenue to $1.924 billion from $866.97
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 $7.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $238​, above​ its last closing price of $202.78.
​​​

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 2023  7.22        7.24       8.16      Beat    12.7
 Dec. 31 2023  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.        4.70        4.76       3.50      Missed  -26.4
 31 2022                                                
 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. 30 2021  4.68        4.74       5.64      Beat    19
 This summary was machine generated July 22 at 00:35 GMT.  All
figures in US dollars  unless otherwise stated