Pinnacle Financial Partners Inc expected to post earnings of $1.64 a share - Earnings Preview

Pinnacle Financial Partners

14/07/2023 22:06

* Pinnacle Financial Partners Inc  PNFP.OQ   PNFP.O  is
expected
to show a rise in quarterly revenue when it reports  results on
July 18. 
    * The Nashville Tennessee-based  company is expected to
report  a
6.5% increase in revenue to $415.337 million from $390.08
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Pinnacle Financial
Partners Inc is for earnings of $1.64 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Pinnacle
Financial Partners Inc is $69​, above​ its last closing price
of $62.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.68        1.72       1.76      Beat    2.6
 Dec. 31 2023  2.06        2.04       1.76      Missed  -13.6
 Sep. 30 2022  1.90        1.89       1.91      Beat    1.1​
 Jun. 30 2022  1.67        1.67       1.86      Beat    11.3
 ​​Mar.        1.57        1.57       1.65      Beat    4.8
 31 2022                                                
 Dec. 31 2021  1.58        1.58       1.71      Beat    8.5​
 Sep. 30 2021  1.56        1.55       1.75      Beat    13.2
 Jun. 30 2021  1.45        1.45       1.69      Beat    17
 This summary was machine generated July 14 at 21:06 GMT.  All
figures in US dollars  unless otherwise stated