RenaissanceRe Holdings Q2 Sales $2.83B Miss $2.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe Holdings (NYSE:RNR) reported Q2 sales of $2.83 billion, missing the analyst consensus estimate of $2.94 billion by 3.86%. Despite the miss, sales increased by 52.63% compared to the same period last year.
July 24, 2024 | 8:19 pm
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RenaissanceRe Holdings reported Q2 sales of $2.83 billion, missing the analyst consensus estimate of $2.94 billion by 3.86%. Despite the miss, sales increased by 52.63% compared to the same period last year.
The miss on sales estimates by 3.86% could have a negative impact on the stock price in the short term. However, the significant year-over-year sales growth of 52.63% may offset some of the negative sentiment, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100