Earnings Preview For Renasant
Portfolio Pulse from Benzinga Insights
Renasant (NYSE:RNST) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts predicting an EPS of $0.64. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Renasant has had mixed results with its earnings performance affecting stock prices variably. Currently, shares are trading at $31.69, down 10.73% over the last 52 weeks, indicating potential investor concern ahead of the earnings release.
January 22, 2024 | 3:01 pm
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NEUTRAL IMPACT
Renasant is anticipated to report an EPS of $0.64 in its upcoming earnings. Historical data shows that earnings beats positively impact the stock price, while misses have varied effects. Shares are currently down year-over-year, which may reflect investor sentiment.
The short-term impact on RNST's stock price will likely depend on whether the company meets or exceeds the earnings estimate and provides positive future guidance. Historically, beats have led to price increases, but the current downward trend in the stock price suggests investor caution. The score is neutral due to the uncertainty of earnings outcomes and their effects.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100