Pinnacle Financial (PNFP) Q4 2019 Earnings Prep

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Pinnacle Financial Partners, Inc. (NASDAQGS:PNFP) is scheduled to report Q4 earnings results on January 21, 2020. Per the earnings date press release, management will release its Q4 financial results on Tuesday, January 21 after markets close for trading. The firm will host the quarterly live webcast at 8:30 a.m. CT the following day to review our financial results and the business outlook.

The company is expected to report earnings of $1.27/share on revenue of $260.3 million. The consensus earnings per share (EPS) of $1.27/share is based on a poll of 9 analysts and represents a growth of 1.4% over the same quarter last year when the company reported earnings of $1.25/share.

The revenue forecast of $260.3 million based on a poll of 8 analysts implies a year-over-year (YoY) growth of 5.2%. Last year the company reported $247.5 million in revenue for the quarter.

Expected to report EPS growth of $0.02/share for Q4, 2019
Metric Expected Prior Year YoY Change
Revenue $260.25 $247.49 5.2%
EPS $1.27 $1.25 1.4%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters and met expectations 1 quarter.

What are your expectations from Pinnacle Financial for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q3, 2019 $1.35 $1.45 7.4% Beat
Q2, 2019 $1.27 $1.42 11.8% Beat
Q1, 2019 $1.21 $1.22 0.8% Beat
Q4, 2018 $1.23 $1.25 2.0% Beat
Q3, 2018 $1.20 $1.21 0.8% Beat
Q2, 2018 $1.14 $1.15 0.9% Beat
Q1, 2018 $1.09 $1.13 3.2% Beat
Q4, 2017 $0.97 $0.97 0.0% Meet

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 3.6%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
2019-10-15 $55.99 $57.99 3.6% Increase
2019-07-16 $56.12 $57.57 2.6% Increase
2019-04-15 $56.79 $57.27 0.8% Increase
2019-01-15 $52 $54.02 3.9% Increase

Fundamentals And Technical Analysis

Pinnacle Financial is currently trading at $63.39/share, down -0.1% for the day. The company is trading at approximately 97.5% of its 52-week high of $65/share. The company’s stock price is up 9.3% since the last earnings report and up 0.7% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 54.62 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.

NASDAQGS:PNFP Stock Price Chart Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 12.1x and a forward P/E multiple of 11.8x.

Pinnacle Financial’s current share price also implies a price-to-book (P/B) multiple of 1.1x. The following table summarizes some other key fundamental ratios:

Data as of January 20, 2020
Metric Value
Last Fiscal Period FY2019.Q3
Period End Date September 30, 2019
Stock Price (Current) $63.39
P/E Ratio 12.1x
P/E Ratio (Fwd) 11.8x
PEG Ratio 18.6
Total Debt to Capital (%) 39.1%
Levered Free Cash Flow $427.3 million
Enterprise Value / EBITDA

Source: Finbox

Company Profile: Pinnacle Financial Partners, Inc.

Pinnacle Financial Partners, Inc. is a mid-cap stock with a market capitalization of $4.827 billion and a total enterprise value of -. The company operates in the Financial sector and the Banks industry.

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. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit.

The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance products primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, interest rate derivatives, and other middle-market advisory services.

Further, the company offers treasury management, telephone, and online banking, mobile banking, debit and credit cards, direct and remote deposit, automated teller machine, and cash management services. It serves individuals, small-to-medium-sized businesses, and professional entities.

As of December 31, 2018, the company operates 114 offices, including 47 in Tennessee, 38 in North Carolina, 21 in South Carolina, and 8 in Virginia. Pinnacle Financial Partners, Inc. was founded in 2000 and is headquartered in Nashville, Tennessee.

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