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

Pinnacle Financial Partners

17/04/2023 23:30

* Pinnacle Financial Partners Inc  PNFP.OQ  reported
quarterly
adjusted earnings of $1.76​​ per share for the quarter ended in
March. The mean expectation of ten analysts for the quarter was
for earnings of $1.72 per share.
    * Revenue rose 17.1% to $401.76 million from a year ago;
analysts
expected $419.76 million. 
    * Pinnacle Financial Partners Inc's reported EPS for the
quarter
was $1.76​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Pinnacle Financial Partners Inc shares had fallen by 4.1%
this
quarter and lost 28.0% so far this year.
    * The company reported quarterly net income of $133.47
million.
    * Wall Street's median 12-month price target for Pinnacle
Financial Partners Inc is $77.50 
    * 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
April 17 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.72           1.76           Beat
 Dec. 31 2022      2.04           1.76           Missed
 Sep. 30 2022      1.89           1.91           Beat
 Jun. 30 2022      1.67           1.86           Beat