Pinnacle West Capital Corp reports results for the quarter ended June 30 - Earnings Summary
Pinnacle West Capital Corp reports results for the quarter ended June 30 - Earnings Summary
Pinnacle West Capital Corp PNW.N reported quarterly adjusted earnings of $1.43 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.58. The mean expectation of thirteen analysts for the quarter was for earnings of $1.47 per share. Wall Street expected results to range from $1.35 to $1.62 per share.
Revenue rose 7.1% to $1.46 billion from a year ago; analysts expected $1.39 billion.
Pinnacle West Capital Corp's reported EPS for the quarter was $1.43.
The company reported quarterly net income of $178.57 million.
Pinnacle West Capital Corp shares had fallen by 5.8% this quarter and gained 13.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for Pinnacle West Capital Corp is $106.00, about 4.9% above its last closing price of $100.81
This summary was machine generated from LSEG data August 4 at 01:32 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 2026 | 1.47 | 1.43 | Missed |
Mar. 31 2026 | -0.01 | 0.27 | Beat |
Dec. 31 2025 | 0.04 | 0.13 | Beat |
Sep. 30 2025 | 3.12 | 3.39 | Beat |
Recent news on Pinnacle West Capital
See all newsHyde Group Hyde Hsg Assn.- 78AQ Hyde Hsg Assn.- 15AI - Hyde Group Annual Report and Financial Statements
U.S. RESEARCH ROUNDUP-Cardinal Health, Lumentum Holdings, Public Storage
Brief: Arizona Public Service Company Prices Offering Of $100 Million 5.50% Notes Due 2035 And $600 Million 6.25% Notes Due 2056
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