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

Renasant

19/01/2024 21:49

* Renasant Corp  RNST.N   RNST.K  is expected to show a fall
in
quarterly revenue when it reports  results on January 23 for the
period ending December 31 2023
    * The Tupelo Mississippi-based  company is expected to
report a
4.9% decrease in revenue to $162.847 million from $171.23
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue Basis)
    * ​LSEG's mean analyst estimate for Renasant Corp is for
earnings
of 64 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
$33.50​, above​ its last closing price of $30.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.88        0.87       0.89      Beat    1.9
 ​​Sep.        0.78        0.77       0.79      Beat    2
 30 2022                                                
 Jun. 30 2022  0.64        0.64       0.72      Beat    12.8​
 Mar. 31 2022  0.58        0.58       0.60      Beat    4.3
 Dec. 31 2021  0.64        0.64       0.68      Beat    6.7
 This summary was machine generated January 19 at 21:49 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)