RenaissanceRe (RNR) Reports Next Week: Wall Street Expects Earnings Growth

Core Insights - The upcoming earnings report for RenaissanceRe is anticipated to influence its stock price, with expectations for better-than-expected results potentially driving the stock higher, while a miss could lead to a decline [1] Earnings Estimates - RenaissanceRe's revenue is projected to be $2.89 billion, reflecting a year-over-year increase of 38.6% [2] - The consensus EPS estimate for RenaissanceRe is $10.88 per share, indicating a year-over-year change of +23.8% [11] Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being a more recent version [3] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [4] - RenaissanceRe currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat [5][22] Historical Performance - In the last reported quarter, RenaissanceRe exceeded earnings expectations with a surprise of +23.53%, posting earnings of $12.18 per share against an expectation of $9.86 [6] - Over the last four quarters, RenaissanceRe has consistently beaten consensus EPS estimates [17] Analyst Sentiment - Recent revisions indicate a bearish sentiment among analysts, with the Most Accurate Estimate being lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.83% [14] - This negative Earnings ESP reading suggests challenges in predicting an earnings beat for RenaissanceRe [15] Industry Comparisons - W.R. Berkley, another player in the insurance industry, is expected to report earnings of $0.92 per share, reflecting a year-over-year change of +21.1%, with revenues projected at $3.3 billion, up 12.3% from the previous year [20]