RenaissanceRe Holdings Ltd (RNR, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $2,597.46 million, and the earnings are expected to come in at $7.09 per share. The full year 2024's revenue is expected to be $10.36 billion and the earnings are expected to be $32.45 per share. More detailed estimate data can be found on the Forecast page.
RenaissanceRe Holdings Ltd (RNR, Financial) Estimates Trends
Over the past 90 days, revenue estimates for RenaissanceRe Holdings Ltd (RNR) for the full year 2024 have declined from $10.43 billion to $10.36 billion, and for 2025, from $10.78 billion to $10.71 billion. During the same period, earnings estimates have increased from $27.48 per share to $32.45 per share for the full year 2024 and from $32.06 per share to $32.09 per share for 2025.
RenaissanceRe Holdings Ltd (RNR, Financial) Reported History
In the previous quarter of June 30, 2024, RenaissanceRe Holdings Ltd's (RNR) actual revenue was $2,541.32 million, which missed analysts' revenue expectations of $2,942.18 million by -13.62%. RenaissanceRe Holdings Ltd's (RNR) actual earnings were $9.41 per share, which beat analysts' earnings expectations of $6.26 per share by 50.42%. After releasing the results, RenaissanceRe Holdings Ltd (RNR) was down by -2.27% in one day.
RenaissanceRe Holdings Ltd (RNR, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for RenaissanceRe Holdings Ltd (RNR) is $293.91 with a high estimate of $391 and a low estimate of $229. The average target implies an upside of 10.29% from the current price of $266.49.
Based on GuruFocus estimates, the estimated GF Value for RenaissanceRe Holdings Ltd (RNR, Financial) in one year is $270.98, suggesting an upside of 1.68% from the current price of $266.49.
Based on the consensus recommendation from 14 brokerage firms, RenaissanceRe Holdings Ltd's (RNR, Financial) average brokerage recommendation is currently 2.4, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
