Financial News
Pinnacle Financial Partners (PNFP) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional banking company Pinnacle Financial Partners (NASDAQ: PNFP) will be reporting results this Tuesday after market hours. Here’s what to expect.
Pinnacle Financial Partners missed analysts’ revenue expectations by 3% last quarter, reporting revenues of $462.9 million, up 8.1% year on year. It was a slower quarter for the company, with a slight miss of analysts’ net interest income estimates.
Is Pinnacle Financial Partners a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Pinnacle Financial Partners’s revenue to grow 34.7% year on year to $493.9 million, a reversal from the 13.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.91 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pinnacle Financial Partners has missed Wall Street’s revenue estimates four times over the last two years.
With Pinnacle Financial Partners being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. Pinnacle Financial Partners is up 14.2% during the same time and is heading into earnings with an average analyst price target of $127.46 (compared to the current share price of $118.20).
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