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

RenaissanceRe Holdings

25/07/2022 23:15

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $5.51​​ per share for the quarter ended in June. The
mean expectation of nine analysts for the quarter was
for earnings of $5.11 per share.
    * Revenue fell 41.3% to $866.97 million from a year ago;
analysts
expected $1.57 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was a
loss of $7.53​.
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * Renaissancere Holdings Ltd shares had fallen by 10.8% this
quarter and lost 17.6% so far this year.
    * The company reported a quarterly loss of $324.91 million.
    * Wall Street's median 12-month price target for
Renaissancere
Holdings Ltd is $168.00 
    * 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." 

This summary was machine generated from Refinitiv data July 25
at 10:15 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      5.11           5.51           Beat
 Mar. 31 2022      4.76           3.50           Missed
 Dec. 31 2021      4.54           4.71           Beat
 Sep. 30 2021      -9.38          -8.98          Beat