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

RenaissanceRe Holdings

01/05/2024 12:29

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $12.18​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $8.16.  The mean expectation of
thirteen analysts for the quarter was for earnings of $9.41 per
share. Wall Street expected results to range from $7.12 
to $11.40 per share.
    * Revenue rose 45.4% to $2.44 billion from a year ago;
analysts
expected $2.59 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was
$6.94​.
    * The company reported quarterly net income of $364.8
million.
    * Renaissancere Holdings Ltd shares had fallen by 6.7% this
quarter and gained 11.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $259.50 
This summary was machine generated from LSEG data May 1 at 11:29
a.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
 Mar. 31 2024      9.41           12.18          Beat
 Dec. 31 2023      8.21           11.77          Beat
 Sep. 30 2023      6.26           8.33           Beat
 Jun. 30 2023      7.47           8.79           Beat