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

Renasant

25/04/2023 22:01

* Renasant Corp  RNST.OQ  reported quarterly adjusted
earnings of
82 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 81 cents per share.
    * Revenue rose 26.2% to $173.07 million from a year ago;
analysts
expected $170.43 million. 
    * Renasant Corp's reported EPS for the quarter was 82
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Renasant Corp shares had fallen by 8.3% this quarter and
lost 25.4% so far this year.
    * The company reported quarterly net income of $46.08
million.
    * Wall Street's median 12-month price target for Renasant
Corp is
$35.50 
    * 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
April 25 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.81           0.82           Beat
 Dec. 31 2022      0.87           0.89           Beat
 Sep. 30 2022      0.77           0.79           Beat
 Jun. 30 2022      0.64           0.72           Beat