Pinnacle West Capital Corp reports results for the quarter ended June 30 - Earnings Summary
06/08/2025 15:12
Pinnacle West Capital Corp PNW.N reported quarterly adjusted earnings of $1.58 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.76. The mean expectation of twelve analysts for the quarter was for earnings of $1.59 per share. Wall Street expected results to range from $1.54 to $1.64 per share. Revenue rose 3.8% to $1.36 billion from a year ago; analysts expected $1.35 billion. Pinnacle West Capital Corp's reported EPS for the quarter was $1.58. The company reported quarterly net income of $192.56 million. Pinnacle West Capital Corp shares had risen by 3.2% this quarter and gained 8.9% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 0.3% in the last three months. In the last 30 days, three analysts negatively revised earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy" Wall Street's median 12-month price target for Pinnacle West Capital Corp is $98.00, about 5.8% above its last closing price of $92.34 This summary was machine generated from LSEG data August 6 at 02:12 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 |
| Jun. 30 2025 | 1.59 | 1.58 | Missed |
| Mar. 31 2025 | 0.02 | -0.04 | Missed |
| Dec. 31 2024 | -0.14 | -0.06 | Beat |
| Sep. 30 2024 | 3.49 | 3.37 | Missed |
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Pinnacle West Capital Corp reports results for the quarter ended June 30 - Earnings Summary
Pinnacle West profit falls as higher interest, depreciation offset demand gains