Renaissancere Holdings Ltd expected to post earnings of $8.21 a share - Earnings Preview

RenaissanceRe Holdings

26/01/2024 22:44

* Renaissancere Holdings Ltd  RNR.N   RNR  is expected
to show a
rise in quarterly revenue when it reports  results on January 30
for the period ending December 31 2023
    * The Pembroke Bermuda-based   company is expected to report
a
21.8% increase in revenue to $1.979 billion from $1.62 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data. (SAL majority is Net Earned Premiums)
    * ​LSEG's mean analyst estimate for Renaissancere Holdings
Ltd is
for earnings of $8.21 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $245.00​, above​ its last closing price
of $213.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  6.21        6.26       8.33      Beat    33.1
 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.        -8.40       -7.74      -9.27     Missed  -19.8
 30 2022                                                
 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. 31 2021  4.71        4.54       4.71      Beat    3.7
 This summary was machine generated January 26 at 22:43 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)