Renaissancere Holdings Ltd reports results for the quarter ended March 31 - Earnings Summary

• Renaissancere Holdings Ltd RNR.N reported a quarterly adjusted loss of $1.49​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $12.18. The mean expectation of thirteen analysts for the quarter was for a loss of $1.27 per share. Wall Street expected results to range from $-3.73 to $2.42 per share.

• Revenue rose 11.3% to $2.72 billion from a year ago; analysts expected $2.89 billion.

• Renaissancere Holdings Ltd's reported EPS for the quarter was $3.27​.

• The company reported quarterly net income of $161.15 million.

• Renaissancere Holdings Ltd shares had risen by 1.5% this quarter and lost 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 113.5% in the last three months.​

• In the last 30 days, ten 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," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the reinsurance peer group is "hold."

• Wall Street's median 12-month price target for Renaissancere Holdings Ltd is $260.00

This summary was machine generated from LSEG data April 23 at 10:21 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)