Pinnacle Financial Partners Earnings Preview: Can This Streak Continue?
Pinnacle Financial Partners (NASDAQ:PNFP) will report earnings after markets close on Monday, April 15th. Pinnacle Financial Partners, Inc. is a holding company for Pinnacle National Bank. The Bank operates as a community bank emphasizing personal banking relationships with individuals and businesses located in its primary service area, which is comprised of the metropolitan Nashville, Tennessee area and surrounding counties.
Here is your Cheat Sheet to Pinnacle Financial Partners Earnings:
Earnings Expectations: Analysts expect earnings of $0.33 per share on revenues of $51.61 million. Currently, the company’s P/E ratio stands at 20.88.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.33 to a profit $0.35. For the current year, the average estimate is a profit of $1.41, which is better than the estimate ninety days ago.
Here’s how Pinnacle Financial Partners has been performing on an annual basis:
|Revenue ($) in millions||240.80||245.37||239.66||226.29||228.82|
|Diluted EPS ($)||1.27||-1.46||-0.93||1.09||1.10|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||56.17||55.77||55.86||56.87||60.31|
|Diluted EPS ($)||0.17||0.21||0.23||0.33||0.33|
Pinnacle Financial Partners has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)