Renasant (US:RNST) ZACKS·2025-04-22 22:40Core Insights - Renasant (RNST) reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.60 per share, and showing a slight increase from $0.65 per share a year ago, resulting in an earnings surprise of 10% [1] - The company achieved revenues of $170.59 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.20% and increasing from $164.67 million year-over-year [2] Earnings Performance - Renasant has consistently surpassed consensus EPS estimates over the last four quarters, with the most recent quarter showing a significant earnings surprise of 19.67% compared to the expected $0.61 per share [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.51, with projected revenues of $256.61 million, and for the current fiscal year, the estimate is $2.84 on revenues of $960.92 million [7] Stock Performance and Outlook - Renasant shares have declined approximately 21.9% year-to-date, contrasting with the S&P 500's decline of 12.3% [3] - The company's earnings outlook is favorable, with a Zacks Rank of 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] Industry Context - The Banks - Southeast industry, to which Renasant belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]