Pinnacle Financial (PNFP) Q4 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Pinnacle Financial reported quarterly earnings of $1.90 per share, exceeding the Zacks Consensus Estimate of $1.80 per share, and up from $1.68 per share a year ago, representing an earnings surprise of 5.56% [1] - The company posted revenues of $475.34 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.56%, compared to year-ago revenues of $396.34 million [2] - Over the last four quarters, Pinnacle Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Pinnacle Financial shares have increased approximately 4.8% since the beginning of the year, outperforming the S&P 500's gain of 2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $466.97 million, and for the current fiscal year, it is $7.56 on revenues of $1.96 billion [7] - The estimate revisions trend for Pinnacle Financial is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Southeast is currently in the top 28% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]