Pinnacle West Capital Corp expected to post earnings of $3.49 a share - Earnings Preview

Pinnacle West Capital

04/11/2024 15:35

* Pinnacle West Capital Corp  PNW.N   PNW  is expected
to show a
rise in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Phoenix Arizona-based  company is expected to report a
14.4% increase in revenue to $1.874 billion from $1.64 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Pinnacle West Capital
Corp is
for earnings of $3.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 9
"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 $93.00​, above​ its last closing price
of $85.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.33        1.25       1.76      Beat    40.6
 Mar. 31 2024  -0.02       -0.01      0.15      Beat    1,907.
                                                        2
 Jan. 1 0001   -0.13       -0.13      0.00      Beat    100​
 Jan. 1 0001   3.43        3.41       3.50      Beat    2.6
 ​​Jun.        1.12        1.19       0.94      Missed  -21.1
 30 2023                                                
 Mar. 31 2023  0.04        0.04       -0.03     Missed  -181.4
                                                        ​
 Dec. 31 2022  -0.17       -0.18      -0.21     Missed  -17.5
 Sep. 30 2022  2.70        2.60       2.88      Beat    10.6
 This summary was machine generated November 4 at 15:35 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)