Compared to Estimates, Renasant (RNST) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2024, Renasant (RNST) reported revenue of $220.3 million, up 32.5% over the same period last year. EPS came in at $0.70, compared to $0.75 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $184.73 million, representing a surprise of +19.26%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.63.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Renasant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.4% compared to the 3.3% average estimate based on four analysts. Efficiency ratio (GAAP): 54.7% versus the four-analyst average estimate of 63.4%. Average Balance - Total interest-earning assets: $15.81 billion versus $15.51 billion estimated by three analysts on average. Annualized net loan charge-offs / average loans: 0% versus 0.2% estimated by three analysts on average. Total Nonperforming Loans: $119.22 million versus $95.89 million estimated by two analysts on average. Total Nonperforming Assets: $128.36 million versus $103.60 million estimated by two analysts on average. Net Interest Income: $131 million versus the four-analyst average estimate of $127.25 million. Net Interest income (FTE): $133.58 million versus the four-analyst average estimate of $129.96 million. Total Noninterest Income: $89.30 million versus $45.93 million estimated by four analysts on average. View all Key Company Metrics for Renasant here>>>Shares of Renasant have returned -2.3% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Renasant Corporation (RNST): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks