Renasant Q2 EPS $0.83 Beats $0.74 Estimate, Sales $147.44M Miss $171.17M Estimate
Portfolio Pulse from mahesh@benzinga.com
Renasant (NASDAQ:RNST) reported Q2 earnings of $0.83 per share, beating the analyst consensus estimate of $0.74 by 12.16%. However, the company's quarterly sales of $147.44 million missed the analyst consensus estimate of $171.17 million by 13.86%.
July 25, 2023 | 8:37 pm
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Renasant's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Renasant's earnings beat could be seen as a positive sign of the company's profitability. However, the missed sales estimate could raise concerns about the company's revenue generation capabilities. These mixed results could lead to uncertain short-term price movements.
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