Renaissancere Holdings Earnings Preview: Get Ahead of the Analysts
Renaissancere Holdings (NYSE:RNR) will report earnings after markets close on Wednesday, May 1st. RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company’s business primarily consists of catastrophe reinsurance, specialty reinsurance, and individual risk business.
Here is your Cheat Sheet to Renaissancere Holdings Earnings:
Earnings Expectations: Analysts expect earnings of $3.05 per share on revenues of $331.29 million. Currently, the company’s P/E ratio stands at 8.36.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.57 to a profit $2.58. For the current year, the average estimate is a profit of $9.48, which is better than the estimate ninety days ago.
Here’s how Renaissancere Holdings has been performing on an annual basis:
|Revenue ($) in millions||1,231||1,271||1,225||1,095||1,406|
|Diluted EPS ($)||-0.21||13.40||12.31||-1.84||11.23|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||208.51||356.53||310.50||390.48||348.43|
|Diluted EPS ($)||1.619||3.88||2.75||3.62||0.8806|
Renaissancere Holdings has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)