Exploring Analyst Estimates for RenaissanceRe (RNR) Q2 Earnings, Beyond Revenue and EPS

Core Viewpoint - Analysts project that RenaissanceRe (RNR) will report quarterly earnings of $10.28 per share, reflecting a year-over-year decline of 17.2%, with revenues expected to reach $2.96 billion, a slight increase of 0.2% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.2% in the past 30 days, indicating a reassessment by covering analysts [2]. - Prior to earnings releases, revisions to earnings projections are crucial for predicting investor behavior, as studies show a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Net premiums earned' will be $2.55 billion, showing a year-over-year change of +0.2% [5]. - The consensus for 'Revenues- Net investment income' is $408.12 million, indicating a decline of 0.7% from the prior year [6]. Claims and Ratios - The 'Net Claims and Claim Expense Ratio - calendar year' is expected to be 52.1%, up from 51.5% a year ago [7]. - The 'Combined Ratio' is forecasted to reach 81.3%, slightly higher than the previous year's 81.1% [7]. - For 'Net Claims and Claim Expense Ratio - calendar year - Casualty and Specialty', the estimate is 68.9%, compared to 66.4% last year [8]. Performance Comparison - RenaissanceRe shares have returned -3.5% over the past month, contrasting with the Zacks S&P 500 composite's +5.4% change [9]. - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [10].