Renasant Q3 2024 Adj. EPS $0.70 Beats $0.63 Estimate, Sales $220.297M Beat $173.482M Estimate
Portfolio Pulse from Benzinga Newsdesk
Renasant (NYSE:RNST) reported Q3 2024 earnings per share of $0.70, surpassing the analyst estimate of $0.63. Despite a year-over-year EPS decline, sales increased significantly to $220.297 million, beating expectations by 26.99%.
October 22, 2024 | 8:48 pm
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Renasant's Q3 2024 earnings per share of $0.70 exceeded analyst expectations of $0.63, despite a slight year-over-year decline. Sales also outperformed, reaching $220.297 million, a 32.54% increase from the previous year.
Renasant's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for short-term stock performance. The significant sales growth further supports a positive outlook.
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