Why Pinnacle Financial (PNFP) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Pinnacle Financial (PNFP) is a regional bank that has consistently exceeded earnings estimates and is well-positioned for future earnings surprises [1][3]. Earnings Performance - For the last reported quarter, Pinnacle Financial achieved earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of$1.79 per share, resulting in a surprise of 3.91% [2]. - In the previous quarter, the company was expected to report earnings of $1.60 per share but delivered$1.63 per share, yielding a surprise of 1.88% [2]. Earnings Estimates and Predictions - There has been a favorable shift in earnings estimates for Pinnacle Financial, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for an earnings beat [3][6]. - The current Earnings ESP for Pinnacle Financial is +2.08%, suggesting that analysts are optimistic about its near-term earnings potential [6]. Zacks Rank and Success Rate - Pinnacle Financial holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of another earnings beat [6]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4].