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

Pinnacle West Capital

02/11/2023 14:17

* Pinnacle West Capital Corp  PNW.N  reported quarterly
adjusted
earnings of $3.50​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $2.88.  The mean expectation of
ten analysts for the quarter was for earnings of $3.41 per
share. Wall Street expected results to range from $3.24 
to $3.70 per share.
    * Revenue rose 11.4% to $1.64 billion from a year ago;
analysts
expected $1.57 billion. 
    * Pinnacle West Capital Corp's reported EPS for the quarter
was
$3.50​.
    * The company reported quarterly net income of $398.21
million.
    * Pinnacle West Capital Corp shares had risen by 2.6% this
quarter and lost 0.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Pinnacle
West
Capital Corp is $77.00 

This summary was machine generated from LSEG data November 2 at
02:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      3.41           3.50           Beat
 Jun. 30 2023      1.19           0.94           Missed
 Mar. 31 2023      0.04           -0.03          Missed
 Dec. 31 2022      -0.18          -0.21          Missed