RenaissanceRe Holdings (RNR) Raises 2023 Earnings Estimate by 27.6%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Source: NASDAQ.COM
- Earnings Estimate Increase: RenaissanceRe Holdings Ltd. has seen its 2023 earnings estimate raised by 27.6% over the past 60 days, indicating strong performance in the insurance and reinsurance sectors, which is expected to drive stock price appreciation and bolster investor confidence.
- Industry Competitiveness: The company's PEG ratio stands at 1.61, lower than the industry average of 1.81, highlighting its relatively high growth potential, which may attract more investor interest and enhance its market position.
- Growth Score: With a Growth Score of B, RenaissanceRe is recognized for its growth potential within the industry, likely appealing to investors seeking stable returns and further driving capital inflows.
- Market Opportunity: As demand for insurance and reinsurance rises, the upward revision of RenaissanceRe's earnings estimates may enable it to capture a larger share in a competitive market, facilitating sustainable growth.
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Analyst Views on DY
Wall Street analysts forecast DY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DY is 385.67 USD with a low forecast of 320.00 USD and a high forecast of 426.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 369.990
Low
320.00
Averages
385.67
High
426.00
Current: 369.990
Low
320.00
Averages
385.67
High
426.00
About DY
Dycom Industries, Inc. is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. These services include program management, planning, engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. The Company also provides electrical contracting services for data centers and other vital industries, underground facility locating services for various utilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities. The Company provides engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer’s home or business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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