RenaissanceRe Holdings Q4 Adj EPS $11.77 Beats $8.10 Estimate, Sales $3.24B Beat $1.89B Estimate
Portfolio Pulse from totan@benzinga.com
RenaissanceRe Holdings (NYSE:RNR) reported Q4 adjusted EPS of $11.77, surpassing the $8.10 consensus estimate by 45.31%, and a 60.57% increase from last year's $7.33. Quarterly sales reached $3.24B, exceeding the $1.89B estimate by 71.43%, and marking a 59.53% increase from the previous year's $2.03B.
January 30, 2024 | 9:17 pm
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POSITIVE IMPACT
RenaissanceRe Holdings reported a significant beat on both earnings and sales for Q4, with EPS at $11.77 against an $8.10 estimate and sales of $3.24B against a $1.89B estimate.
The substantial beat on both earnings per share and sales compared to analyst estimates is likely to be viewed positively by investors. The impressive year-over-year growth in both metrics further reinforces the company's strong performance, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100