Renasant Corp reports results for the quarter ended in December - Earnings Summary

Renasant

23/01/2024 23:46

* Renasant Corp  RNST.N  reported quarterly adjusted
earnings of
76 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 89 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 61 cents to 67 cents per share.
    * Revenue fell 14.6% to $146.31 million from a year ago;
analysts
expected $162.85 million. 
    * Renasant Corp's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $28.12
million.
    * Renasant Corp shares had fallen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Renasant Corp is
$33.50 
This summary was machine generated from LSEG data January 23 at
11:45 p.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
 Dec. 31 2023      0.64           0.76           Beat
 Sep. 30 2023      0.69           0.75           Beat
 Jun. 30 2023      0.75           0.83           Beat
 Mar. 31 2023      0.81           0.82           Beat