Renasant Q4 EPS $0.76 Beats $0.64 Estimate
Portfolio Pulse from Benzinga Newsdesk
Renasant (NYSE:RNST) reported Q4 earnings of $0.76 per share, surpassing the consensus estimate of $0.64 by 18.75%. However, this represents a 14.61% decrease from the $0.89 per share earned in the same quarter of the previous year.
January 23, 2024 | 9:31 pm
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NEUTRAL IMPACT
Renasant's Q4 earnings exceeded analyst expectations but showed a year-over-year decline.
While Renasant's earnings beat may be viewed positively in the short term, the year-over-year decline could raise concerns about the company's growth trajectory, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100