Earnings Preview: RenaissanceRe Holdings
Portfolio Pulse from Benzinga Insights
RenaissanceRe Holdings (NYSE:RNR) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an EPS of $6.04. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. The stock is currently trading at $211.92, up 33.42% over the last 52 weeks.
October 31, 2023 | 2:01 pm
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RenaissanceRe Holdings is expected to report an EPS of $6.04 in its upcoming earnings. The company has a history of beating EPS estimates, but this has sometimes led to a drop in share price. The stock is currently up 33.42% over the last 52 weeks.
The upcoming earnings report is highly relevant to RNR's stock price. While the company has a history of beating EPS estimates, this has sometimes led to a drop in share price, indicating that investor reactions can be unpredictable. The stock's strong performance over the last 52 weeks suggests investor confidence, but the impact of the earnings report will depend on whether the company meets or exceeds expectations and the guidance it provides for future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100