Pinnacle Finl Partners Q2 2024 Adj EPS $1.63 Beats $1.61 Estimate, Sales $366.550M Miss $435.089M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinnacle Financial Partners (NASDAQ:PNFP) reported Q2 2024 adjusted EPS of $1.63, beating the estimate of $1.61. However, sales were $366.550M, missing the $435.089M estimate. EPS decreased by 8.94% YoY, and sales decreased by 25.08% YoY.
July 16, 2024 | 10:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Pinnacle Financial Partners reported Q2 2024 EPS of $1.63, beating estimates, but sales of $366.550M missed expectations. EPS decreased by 8.94% YoY, and sales decreased by 25.08% YoY.
While the EPS beat estimates, the significant miss on sales and the YoY declines in both EPS and sales suggest mixed results. This could lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100