Pinnacle Financial beats earnings estimates, shares up 1.7% but underperforming S&P 500

From Nasdaq: 2024-07-16 19:20:02

Pinnacle Financial (PNFP) reports earnings of $1.63 per share, beating estimates. Shares have added 1.7% this year, underperforming the S&P 500’s 18.1% gain. Investors await management commentary for future stock direction. Earnings outlook and industry performance will impact stock movement. Zacks Rank currently at #3 (Hold) for PNFP.

City Holding (CHCO) set to report earnings, expected at $1.88 per share, down 13% YoY. Revenues projected at $73.2 million, a 3.8% decrease. Industry report highlights a top semiconductor stock with massive growth potential in AI, ML, and IoT amid projected $803 billion market surge by 2028.

Investors tracking Pinnacle Financial and City Holding for upcoming earnings reports. PNFP’s $1.76 EPS estimate for next quarter and $6.75 for FY. CHCO estimates revised lower by 0.5% in the last 30 days. Semiconductor stock market set to rise dramatically by 2028. Gain insights from Zacks Investment Research for market performance.



Read more at Nasdaq: Pinnacle Financial (PNFP) Q2 Earnings Top Estimates