Renasant Corp expected to post earnings of 63 cents a share - Earnings Preview

Renasant

19/04/2024 21:21

* Renasant Corp  RNST.N   RNST.K  is expected to show a fall
in
quarterly revenue when it reports  results on April 23 for the
period ending March 31 2024
    * The Tupelo Mississippi-based  company is expected to
report a
5.5% decrease in revenue to $163.596 million from $173.07
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Renasant Corp is for
earnings
of 63 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Renasant
Corp is
$34.50​, above​ its last closing price of $28.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.64        0.64       0.76      Beat    19.3
 Sep. 30 2023  0.69        0.69       0.75      Beat    8.5
 Jun. 30 2023  0.74        0.75       0.83      Beat    11.4​
 Mar. 31 2023  0.80        0.81       0.82      Beat    1.8
 ​​Dec.        0.88        0.87       0.89      Beat    1.9
 31 2022                                                
 Sep. 30 2022  0.78        0.77       0.79      Beat    2​
 Jun. 30 2022  0.64        0.64       0.72      Beat    12.8
 Mar. 31 2022  0.58        0.58       0.60      Beat    4.3
 This summary was machine generated April 19 at 20:21 GMT.  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)