Renaissancere Holdings Ltd reports results for the quarter ended in September 30 - Earnings Summary

• Renaissancere Holdings Ltd RNR.N reported quarterly adjusted earnings of $10.23​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $8.33. The mean expectation of thirteen analysts for the quarter was for earnings of $7.75 per share. Wall Street expected results to range from $4.30 to $10.99 per share.

• Revenue rose 18.5% to $2.08 billion from a year ago; analysts expected $2.60 billion.

• Renaissancere Holdings Ltd's reported EPS for the quarter was $22.62​.

• The company reported quarterly net income of $1.17 billion.

• Renaissancere Holdings Ltd shares had risen by 2.0% this quarter and gained 41.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 62.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the reinsurance peer group is also "buy"

Wall Street's median 12-month price target for Renaissancere Holdings Ltd is $287.00

This summary was machine generated from LSEG data November 7 at 02:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)