For its second fiscal quarter (ending June 30), Pinnacle Financial Partners Inc (NASDAQ: PNFP) has reported a -75% decline in E.P.S. from $2.55 a year ago to $0.65 in the current quarter. This result fell short of the consensus estimate of $1.61 by $-0.96. For the latest four quarters through June 30, E.P.S. were $5.11 versus $7.98 for the same period a year ago — a decline of -36%.
Recent Price Action
Pinnacle Financial Partners Inc (NASDAQ: PNFP) stock enjoyed a large increase of 2.8% on 7/16/24. The stock closed at $91.25. Moreover, this advance was accompanied by unusually high trading volume at 196% of normal. The stock has performed in line with the market over the last nine months and has risen 18.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PNFP is expected to continue to be a modest Value Builder.
Pinnacle Financial Partners has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Pinnacle Financial Partners has a slightly positive Power Rating of 66 and a very high Appreciation Score of 88, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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