Renasant Q2 2024 Adj EPS $0.69 Beats $0.66 Estimate, Sales $163.788M Miss $166.019M Estimate
Portfolio Pulse from Benzinga Newsdesk
Renasant (NYSE:RNST) reported Q2 2024 adjusted EPS of $0.69, beating the analyst estimate of $0.66. However, sales of $163.788 million missed the estimate of $166.019 million. Sales increased by 11.09% compared to the same period last year.
July 23, 2024 | 8:38 pm
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POSITIVE IMPACT
Renasant's Q2 2024 earnings per share of $0.69 beat estimates, but sales of $163.788 million missed expectations. Despite the sales miss, the company showed a significant year-over-year sales increase of 11.09%.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss in sales. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100