Pinnacle West Capital Corp expected to post breakeven results a share - Earnings Preview

Pinnacle West Capital

30/04/2024 17:35

* Pinnacle West Capital Corp  PNW.N   PNW  is expected
to show a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Phoenix Arizona-based  company is expected to report a
3.2% increase in revenue to $974.965 million from $944.96
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Pinnacle West Capital
Corp is
for breakeven results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Pinnacle
West
Capital Corp is $75.00​, above​ its last closing price
of $74.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.13       -0.13      0.00      Beat    100
 Sep. 30 2023  3.43        3.41       3.50      Beat    2.6
 Jun. 30 2023  1.12        1.19       0.94      Missed  -21.1​
 Mar. 31 2023  0.04        0.04       -0.03     Missed  -181.4
 ​​Dec.        -0.17       -0.18      -0.21     Missed  -17.5
 31 2022                                                
 Sep. 30 2022  2.70        2.60       2.88      Beat    10.6​
 Jun. 30 2022  1.28        1.32       1.45      Beat    10.2
 Mar. 31 2022  0.07        0.06       0.15      Beat    150.3
 This summary was machine generated April 30 at 16:35 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)