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

Renasant

25/07/2023 23:32

* Renasant Corp  RNST.OQ  reported quarterly adjusted
earnings of
83 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 75 cents per share.
    * Revenue rose 3.1% to $147.44 million from a year ago;
analysts
expected $171.17 million. 
    * Renasant Corp's reported EPS for the quarter was 51
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Renasant Corp shares had risen by 15.1% this quarter and
lost 20.0% so far this year.
    * The company reported quarterly net income of $28.64
million.
    * Wall Street's median 12-month price target for Renasant
Corp is
$30.00 
    * 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 LSEG Refinitiv data July
25 at 10:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.75           0.83           Beat
 Mar. 31 2023      0.81           0.82           Beat
 Dec. 31 2022      0.87           0.89           Beat
 Sep. 30 2022      0.77           0.79           Beat