Renasant Corporation (NASDAQ:RNST) is reporting second quarter earnings results on Monday 27th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.30 per share from $ 153.21 million in revenue.
For the full year, analysts predict revenues of $ 608.93 million, while looking forward to income of $ 1.30 per share.
Previous Quarter Performance
Renasant Corporation revealed income for the first quarter of $ 0.20 per share, from the revenue of $ 144.17 million. The quarterly earnings contracted 74.03 percent while revenues declined 3.92 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.54 per share from $ 144.36 million in revenue. The bottom line results missed street analysts by $ 0.34 or 62.96 percent, at the same time, top line results fell short of analysts by $ 0.19 million or 0.13 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RNST was $ 23.95, representing a 31.45 % increase from the 52 week low of $ 18.22 and a 34.99 % decrease over the 52 week high of $ 36.84.
The company has a market capital of $ 1.34 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, and equipment leasing services, as well as safe deposit and night depository facilities.
