Renaissancere Holdings Ltd reports results for the quarter ended in December - Earnings Summary

RenaissanceRe Holdings

30/01/2024 22:40

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $11.77​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $7.33.  The mean expectation of
fourteen analysts for the quarter was for earnings of $8.21 per
share. Wall Street expected results to range from $7.82 
to $9.03 per share.
    * Revenue rose 38.5% to $2.25 billion from a year ago;
analysts
expected $1.98 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was
$30.43​.
    * The company reported quarterly net income of $1.58
billion.
    * Renaissancere Holdings Ltd shares had risen by 9.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the reinsurance
peer
group is also "buy"

Wall Street's median 12-month price target for Renaissancere
Holdings Ltd is $245.00 
This summary was machine generated from LSEG data January 30 at
10:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      8.21           11.77          Beat
 Sep. 30 2023      6.26           8.33           Beat
 Jun. 30 2023      7.47           8.79           Beat
 Mar. 31 2023      7.24           8.16           Beat