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

RenaissanceRe Holdings

02/11/2023 20:01

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $8.33​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $-9.27.  The mean expectation of
eleven analysts for the quarter was for earnings of $6.26 per
share. Wall Street expected results to range from $4.39 
to $8.46 per share.
    * Revenue rose 42.7% to $1.84 billion from a year ago;
analysts
expected $1.92 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was
$3.80​.
    * The company reported quarterly net income of $193.99
million.
    * Renaissancere Holdings Ltd shares had risen by 14.7% this
quarter and gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 107.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "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 $244.50 
This summary was machine generated from LSEG data November 2 at
08:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      6.26           8.33           Beat
 Jun. 30 2023      7.47           8.79           Beat
 Mar. 31 2023      7.24           8.16           Beat
 Dec. 31 2022      6.40           7.33           Beat