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

Renasant

26/07/2022 23:51

* Renasant Corp  RNST.OQ  reported quarterly adjusted
earnings of
71 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 64 cents per share.
    * Revenue fell 66.6% to $52.54 million from a year ago;
analysts
expected $145.37 million. 
    * Renasant Corp's reported EPS for the quarter was 71
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Renasant Corp shares had risen by 8.2% this quarter and
lost 17.9% so far this year.
    * The company reported quarterly net income of $39.68
million.
    * Wall Street's median 12-month price target for Renasant
Corp is
$33.00 
    * 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." 

This summary was machine generated from Refinitiv data July 26
at 10:51 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.64           0.71           Beat
 Mar. 31 2022      0.58           0.60           Beat
 Dec. 31 2021      0.64           0.68           Beat
 Sep. 30 2021      0.66           0.71           Beat