RenaissanceRe Holdings Q3 Adj $8.33 Beats $6.26 Estimate, Sales $1.84B Miss $1.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe Holdings (NYSE:RNR) reported Q3 earnings of $8.33 per share, beating the analyst consensus estimate of $6.26 by 33.07%. This is a 189.86% increase over losses from the same period last year. However, the company's quarterly sales of $1.84 billion missed the analyst consensus estimate of $1.92 billion by 4.23%, but still represents a 42.66% increase over sales from the same period last year.
November 01, 2023 | 8:50 pm
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NEUTRAL IMPACT
RenaissanceRe's Q3 earnings beat estimates, but sales missed. This mixed result could lead to uncertain short-term price movements.
RenaissanceRe's earnings beat estimates, which is typically a positive signal for the stock price. However, the company's sales missed estimates, which could offset the positive impact of the earnings beat. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100