Renasant Corp expected to post earnings of 64  cents a share - Earnings Preview

Renasant

22/07/2022 21:45

* Renasant Corp  RNST.OQ   RNST.O  is expected to show a
fall in
quarterly revenue when it reports  results on July 26. 
    * The Tupelo Mississippi-based  company is expected to
report  a
7.5% decrease in revenue to $145.374 million from $157.19
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Renasant Corp is
for
earnings of 64 cents per share. For the same quarter last year,
the company reported earnings of 72 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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
$33​, above​ its last closing price of $31.00. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.58        0.58       0.60      Beat    4.3
 Dec. 31 2022  0.64        0.64       0.68      Beat    6.7
 Sep. 30 2021  0.65        0.66       0.71      Beat    7.3​
 Jun. 30 2021  0.79        0.78       0.72      Missed  -8.3
 ​​Mar.        0.67        0.67       0.85      Beat    27.3
 31 2021                                                
 Dec. 31 2020  0.61        0.59       0.70      Beat    17.9​
 Sep. 30 2020  0.52        0.51       0.53      Beat    4.4
 Jun. 30 2020  0.31        0.30       0.36      Beat    19.9
 This summary was machine generated July 22 at 20:45 GMT.  All
figures in US dollars  unless otherwise stated