Pinnacle Financial Partners Earnings: Everything You Must Know Now
Pinnacle Financial Partners Inc. (NASDAQ:PNFP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Pinnacle Financial Partners Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.27% to $0.42 in the quarter versus EPS of $0.33 in the year-earlier quarter.
Revenue: Decreased 1.54% to $55 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pinnacle Financial Partners Inc. reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.4. It missed the average revenue estimate of $56.29 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 6.87% from $59.06 million in the previous quarter. EPS decreased 0% from $0.42 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.4 and has not changed. For the current year, the average estimate is a profit of $1.59, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)