Renaissancere Holdings Ltd expected to post earnings of $7.75 a share - Earnings Preview

RenaissanceRe Holdings

04/11/2024 22:25

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
rise in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Pembroke Bermuda-based   company is expected to report
a
47.9% increase in revenue to $2.597 billion from $1.76 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data. (SAL majority is Net Earned Premiums)
    * ​LSEG's mean analyst estimate for Renaissancere Holdings
Ltd is
for earnings of $7.75 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"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 $287.00​, above​ its last closing price
of $266.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  10.56       10.65      12.41     Beat    16.6
 Mar. 31 2024  9.30        9.41       12.18     Beat    29.5
 Dec. 31 2023  8.32        8.21       11.77     Beat    43.4​
 Sep. 30 2023  6.21        6.26       8.33      Beat    33.1
 ​​Jun.        7.22        7.47       8.79      Beat    17.7
 30 2023                                                
 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
 This summary was machine generated November 4 at 22:25 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)