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Renasant (RNST) To Report Earnings Tomorrow: Here Is What To Expect

RNST Cover Image

Regional banking company Renasant (NYSE: RNST) will be reporting earnings this Tuesday after the bell. Here’s what to expect.

Renasant met analysts’ revenue expectations last quarter, reporting revenues of $274.2 million, up 61.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ net interest income estimates.

Is Renasant a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Renasant’s revenue to grow 62.5% year on year to $275.5 million, improving from the 2.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Renasant Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Renasant has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.2% on average.

Looking at Renasant’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 20.7%, beating analysts’ expectations by 5%, and Dime Community Bancshares reported revenues up 24.5%, topping estimates by 5.2%. ServisFirst Bancshares traded up 14.6% following the results while Dime Community Bancshares was also up 12.5%.

Read our full analysis of ServisFirst Bancshares’s results here and Dime Community Bancshares’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 2.6% on average over the last month. Renasant is up 3.9% during the same time and is heading into earnings with an average analyst price target of $42.57 (compared to the current share price of $37.25).

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