Pinnacle Finl Partners Q2 Adj EPS $1.79 Beats $1.63 Estimate, Sales $489.23M Beat $414.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinnacle Financial Partners reported Q2 adjusted earnings of $1.79 per share, beating the analyst consensus estimate of $1.64 by 9.15%. However, this is a 3.76% decrease from the same period last year. The company also reported quarterly sales of $489.23 million, surpassing the analyst consensus estimate of $415.34 million by 17.79%, marking a 25.42% increase from the same period last year.
July 18, 2023 | 9:02 pm
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Pinnacle Financial Partners' Q2 earnings and sales beat analyst estimates, despite a slight decrease in earnings compared to last year.
Pinnacle Financial Partners reported better than expected Q2 earnings and sales, which is generally a positive signal for the stock. However, the slight decrease in earnings compared to the same period last year might temper the positive impact.
CONFIDENCE 90
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RELEVANCE 100