Wall Street analysts expect Pinnacle Financial (PNFP) to post quarterly earnings of $2.61 per share in its upcoming report, which indicates a year-over-year increase of 15%. Revenues are expected to be $1.28 billion, up 135.3% from the year-ago quarter.
The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Pinnacle Financial metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Interest Margin' will likely reach 3.4%. Compared to the present estimate, the company reported 3.3% in the same quarter last year.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 52.7%. Compared to the present estimate, the company reported 55.6% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Average balances - Total interest-earning assets' of $116.56 billion. The estimate is in contrast to the year-ago figure of $50.08 billion.
The consensus among analysts is that 'Total nonperforming assets' will reach $441.99 million. Compared to the current estimate, the company reported $154.89 million in the same quarter of the previous year.
Analysts expect 'Nonaccrual loans' to come in at $413.04 million. Compared to the current estimate, the company reported $149.68 million in the same quarter of the previous year.
The average prediction of analysts places 'Total noninterest income' at $288.18 million. Compared to the current estimate, the company reported $147.94 million in the same quarter of the previous year.
The consensus estimate for 'Net Interest Income' stands at $992.86 million. The estimate is in contrast to the year-ago figure of $396.87 million.
View all Key Company Metrics for Pinnacle Financial here>>>Over the past month, shares of Pinnacle Financial have returned -2.7% versus the Zacks S&P 500 composite's +0.7% change. Currently, PNFP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Pinnacle Financial Partners, Inc. (PNFP): Free Stock Analysis Report
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