On Tuesday, July 17, Pinnacle Financial PNFP will report its last quarter's earnings. Here is Benzinga's take on the company's Q2 release.
Earnings and Revenue
Based on management's projections, Pinnacle Financial analysts model for earnings of $1.15 per share on sales of $228.72 million.
In the same quarter last year, Pinnacle Financial posted a profit of 84 cents on sales of $141.68 million. The Wall Street estimate would represent a 36.9 percent increase in the company's earnings. Revenue would be up 61.43 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
EPS Estimate | 1.1 | 0.92 | 0.9 | 0.8 |
EPS Actual | 1.13 | 0.97 | 0.9 | 0.84 |
Stock Performance
Over the last 52-week period, shares are down 4.04 percent. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Pinnacle Financial stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.