Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PNFP to report 3Q20 income of $ 1.09 per share.
For the full year, analysts anticipate top line of $ 1118.37 million, while looking forward to income of $ 3.42 per share bottom line.
Previous Quarter Performance
Pinnacle Financial Partners, Inc. revealed income for the second quarter of $ 0.89 per share, from the revenue of $ 273.74 million. The quarterly earnings contracted 37.32 percent while revenues raised 5.45 percent compared with the same quarter last year.
Street analysts expected Pinnacle Financial Partners, Inc. to report income of $ 0.88 per share on revenue of $ 275.86 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 1.14 percent, at the same time, top line results fell short of analysts by $ 2.12 million or 0.77 percent.
Stock Performance
Shares of Pinnacle Financial Partners, Inc. traded low $ -0.04 or -0.10 percent on Monday, reaching $ 39.52 with volume of 395.70 thousand shares. Pinnacle Financial Partners, Inc. has traded high as $ 40.46 and has cracked $ 39.35 on the downward trend
According to the previous trading day, closing price of $ 39.52, representing a 42.30 % increase from the 52 week low of $ 27.80 and a 39.14 % decrease over the 52 week high of $ 65.00.
The company has a market capital of $ 3.00 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Pinnacle Financial Partners, Inc. will be hosting a conference call at 9:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pnfp.com
Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
