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

RenaissanceRe Holdings

25/07/2023 23:16

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $8.79​​ per share for the quarter ended in June. The
mean expectation of eleven analysts for the quarter was
for earnings of $7.47 per share.
    * Revenue rose 105.9% to $1.79 billion from a year ago;
analysts
expected $1.92 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was
$4.09​.
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Renaissancere Holdings Ltd shares had risen by 8.0% this
quarter and gained 9.3% so far this year.
    * The company reported quarterly net income of $191.03
million.
    * Wall Street's median 12-month price target for
Renaissancere
Holdings Ltd is $238.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:15 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      7.47           8.79           Beat
 Mar. 31 2023      7.24           8.16           Beat
 Dec. 31 2022      6.40           7.33           Beat
 Sep. 30 2022      -7.74          -9.27          Missed