RenaissanceRe Holdings's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
RenaissanceRe Holdings (NYSE:RNR) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $8.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates in the past four quarters, the stock price has not always reacted positively. Shares are currently trading at $213.31, up 9.0% over the last 52 weeks.
January 29, 2024 | 2:00 pm
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NEUTRAL IMPACT
RenaissanceRe Holdings is set to report earnings with an anticipated EPS of $8.10. Historical data shows mixed stock price reactions to past earnings, with an 8.09% drop after last quarter's beat. Shares are up 9.0% YTD, indicating a positive trend.
While RNR is expected to report a strong EPS, past performance indicates that even an earnings beat may not lead to a positive stock price reaction. The stock's current upward trend and the market's focus on forward guidance suggest a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100