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

Pinnacle Financial Partners

18/07/2023 23:02

* Pinnacle Financial Partners Inc  PNFP.OQ  reported
quarterly
adjusted earnings of $1.79​​ per share for the quarter ended in
June. The mean expectation of ten analysts for the quarter was
for earnings of $1.63 per share.
    * Revenue rose 6% to $413.50 million from a year ago;
analysts
expected $414.89 million. 
    * Pinnacle Financial Partners Inc's reported EPS for the
quarter
was $2.54​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Pinnacle Financial Partners Inc shares had risen by 8.2%
this
quarter and lost 16.5% so far this year.
    * The company reported quarterly net income of $193.5
million.
    * Wall Street's median 12-month price target for Pinnacle
Financial Partners Inc is $68.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
18 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.63           1.79           Beat
 Mar. 31 2023      1.72           1.76           Beat
 Dec. 31 2022      2.04           1.76           Missed
 Sep. 30 2022      1.89           1.91           Beat