Pinnacle West Capital Corp reports results for the quarter ended in December - Earnings Summary

Pinnacle West Capital

27/02/2024 14:32

* Pinnacle West Capital Corp  PNW.N  reported quarterly
breakeven
results​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of ten analysts for the
quarter was for earnings of $3.41 per share. Wall Street
expected results to range from -21 cents to 2 cents per share.
    * Revenue fell 1.8% to $991.57 million from a year ago;
analysts
expected $1.57 billion. 
    * Pinnacle West Capital Corp's reported EPS for the quarter
was
breakeven results​.
    * The company reported a quarterly loss of $23 thousand.
    * Pinnacle West Capital Corp shares had fallen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Pinnacle West
Capital Corp is $76.00 
This summary was machine generated from LSEG data February 27 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.13          0.00           Beat
 Sep. 30 2023      3.41           3.50           Beat
 Jun. 30 2023      1.19           -0.03          Missed
 Mar. 31 2023      -0.18          -0.21          Missed