Pinnacle Financial Partners Inc reports results for the quarter ended in January - Earnings Summary

Pinnacle Financial Partners

16/07/2024 23:53

* Pinnacle Financial Partners Inc  PNFP.OQ  reported
quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of $1.79.  The mean expectation of
thirteen analysts for the quarter was for earnings of $1.61 per
share. Wall Street expected results to range from $1.48 
to $1.66 per share.
    * Revenue fell 11.4% to $366.55 million from a year ago;
analysts
expected $435.09 million. 
    * Pinnacle Financial Partners Inc's reported EPS for the
quarter
was 64 cents​.
    * The company reported quarterly net income of $49.36
million.
    * Pinnacle Financial Partners Inc shares had risen by 10.9%
this
quarter and gained 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Pinnacle
Financial Partners Inc is $93.00 
This summary was machine generated from LSEG data July 16 at
10:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.61           0.64           Missed
 Mar. 31 2024      1.54           1.54           Met
 Dec. 31 2023      1.60           1.68           Beat
 Sep. 30 2023      1.71           1.69           Missed