Will RenaissanceRe (RNR) Beat Estimates Again in Its Next Earnings Report?

Core Insights - RenaissanceRe (RNR) has consistently surpassed earnings estimates, averaging a beat of 18.80% over the last two quarters [1] - The most recent earnings report showed a surprise of 14.06%, with earnings per share (EPS) of $12.41 compared to an estimate of $10.88 [1] - In the previous quarter, RenaissanceRe reported an EPS of $12.18 against an estimate of $9.86, resulting in a surprise of 23.53% [1] Earnings Estimates and Predictions - Estimates for RenaissanceRe have been trending higher, supported by its history of earnings surprises [2] - The stock has a positive Zacks Earnings ESP of +7.56%, indicating bullish sentiment among analysts regarding its near-term earnings potential [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with the next report expected on November 6, 2024 [3] Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [3] - Utilizing the Earnings ESP Filter can help identify stocks with the best potential for success ahead of quarterly releases [4]