Recap: Renasant Q4 Earnings
Portfolio Pulse from Benzinga Insights
Renasant (NYSE:RNST) reported Q4 earnings with an EPS of $0.76, beating estimates by 18.75% but with a revenue decline from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a share price increase.
January 23, 2024 | 9:35 pm
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Renasant reported a strong Q4 earnings beat with an EPS of $0.76 against an estimate of $0.64, but experienced a revenue decline from the same period last year.
The positive earnings surprise of 18.75% is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the 2.72% rise after last quarter's earnings beat. However, the decline in revenue could temper some of the investor enthusiasm, making the overall impact moderately positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100