For the quarter ended September 2024, Pinnacle Financial (PNFP) reported revenue of $466.75 million, up 14.4% over the same period last year. EPS came in at $1.86, compared to $1.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $454.18 million, representing a surprise of +2.77%. The company delivered an EPS surprise of +3.91%, with the consensus EPS estimate being $1.79. While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Pinnacle Financial (PNFP) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.91%. A quarter ago, it was expected that this regional bank operator would post earnings of $1.60 per share when it actually produced earnings of $1.63, delivering a surprise of 1.88%. Over the last four quar ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Pinnacle Financial (PNFP) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on O ...

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Q2 2024 Earnings Conference Call July 17, 2024 9:30 AM ET Company Participants Terry Turner - Chief Executive Officer Harold Carpenter - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Brandon King - Truist Catherine Mealor - KBW Timur Braziler - Wells Fargo Stephen Scouten - Piper Sandler Russell Gunther - Stephens Zach Westerlind - UBS Brian Martin - Janney Operat ...

The reported revenue compares to the Zacks Consensus Estimate of $426.4 million, representing a surprise of -14.04%. The company delivered an EPS surprise of +1.87%, with the consensus EPS estimate being $1.60. Shares of Pinnacle Financial have returned +16.3% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. For the quarter ended June 2024, Pinnacle Financi ...

This quarterly report represents an earnings surprise of 1.87%. A quarter ago, it was expected that this regional bank operator would post earnings of $1.52 per share when it actually produced earnings of $1.53, delivering a surprise of 0.66%. Pinnacle Financial, which belongs to the Zacks Banks - Southeast industry, posted revenues of $366.55 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 14.04%. This compares to year-ago revenues of $489.23 million. The company has topped ...

FOR IMMEDIATE RELEASE MEDIA CONTACT: Joe Bass, 615-743-8219 WEBSITE: www.pnfp.com FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 PNFP REPORTS 2Q24 DILUTED EPS OF $0.64 AND NET INTEREST MARGIN OF 3.14 PERCENT Excluding impacts of capital optimization and balance sheet repositioning initiatives, diluted EPS of $1.63 NASHVILLE, TN, July 16, 2024 - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.64 for the quarter ended June 30, 2024, compared to net in ...

Shares of Pinnacle Financial rallied for the fourth consecutive trading session. With the Federal Reserve keeping an eye on employment reports and cooling inflation numbers, market participants are projecting interest rate cuts as early as September. Thus, for banks reeling under aggressive monetary tightening, this is a positive development. As the rates come down, so will banks' funding costs. Moreover, given the soft landing of the U.S. economy, the lending scenario is expected to improve further. These ...

Wall Street analysts forecast that Pinnacle Financial (PNFP) will report quarterly earnings of $1.60 per share in its upcoming release, pointing to a year-over-year decline of 10.6%. It is anticipated that revenues will amount to $426.4 million, exhibiting a decline of 12.8% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timefr ...

Core Viewpoint - Pinnacle Financial is expected to report quarterly earnings of $1.60 per share, reflecting a year-over-year decline of 10.6%, with revenues anticipated to be $426.4 million, down 12.8% from the previous year [2][11]. Earnings Estimates and Predictions - The Zacks Earnings ESP indicates that the Most Accurate Estimate for Pinnacle Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.31%, suggesting a bearish outlook from analysts [5]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a reassessment of initial estimates by covering analysts [12]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [4]. Historical Performance - Over the last four quarters, Pinnacle Financial has beaten consensus EPS estimates four times, indicating a potential for positive surprises in earnings [24]. Market Expectations - Wall Street anticipates a year-over-year decline in earnings due to lower revenues, making the comparison of actual results to estimates a significant factor for stock price movement [9]. - The stock currently holds a Zacks Rank of 3, which does not strongly indicate an earnings beat [19]. Additional Considerations - Management's discussion during the earnings call will be crucial in determining the sustainability of any immediate price changes and future earnings expectations [10]. - Investors should consider other factors beyond earnings surprises when making decisions about the stock, as many stocks may react differently to earnings beats or misses due to various influencing factors [21].