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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Renaissancere Holdings has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)