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RNSTBullishEarningsnews
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Renasant (RNST) Q1 Earnings and Revenues Surpass Estimates

Apr 23, 2024, 7:17 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Renasant reported earnings of $0.65 per share, beating expectations, and a revenue of $164.67 million. - The company has surpassed consensus EPS estimates four times and revenue estimates twice in the last four quarters. - Renasant shares have underperformed the market, but estimate revisions trend favorable with a Zacks Rank #2 (Buy). - Industry outlook and Zacks Industry Rank for Banks - Southeast play a role. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Earnings

  • Renasant reported earnings of $0.65 per share, beating expectations, and a revenue of $164.67 million.
  • The company has surpassed consensus EPS estimates four times and revenue estimates twice in the last four quarters.
  • Renasant shares have underperformed the market, but estimate revisions trend favorable with a Zacks Rank #2 (Buy).
  • Industry outlook and Zacks Industry Rank for Banks - Southeast play a role.

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