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What to Expect From Pinnacle West (PNW) in Q2 Earnings?
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Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release second-quarter 2022 results on Aug 3 before market open. Pinnacle West Capital delivered an earnings surprise of 200% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in the Phoenix region and an expanding retail customer base are likely to have boosted demand and earnings in the second quarter. The continuous effort to rein on the operating and maintenance expenses is expected to have boosted second-quarter earnings.
Second-quarter earnings might have been adversely impacted by inflationary pressures across all areas of PNW’s business.
Expectations
The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $1.36, indicating a 28.8% decline from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for second-quarter 2022 revenues is pegged at $965.4 million, indicating a 3.5% decline from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Pinnacle West Capital this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
Pinnacle West Capital Corporation Price and EPS Surprise
Earnings ESP: Pinnacle West Capital has an Earnings ESP of -2.34%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
American Electric Power (AEP - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Jul 27 before market open. American Electric Power has an Earnings ESP of +6.20% and carries a Zacks Rank #2 at present. AEP’s long-term (three to five years) earnings growth is projected at 6.2%.
DTE Energy (DTE - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Jul 28 before market open. DTE Energy has an Earnings ESP of +3.41% and carries a Zacks Rank #3 at present. DTE’s long-term earnings growth is projected at 6%.
Entergy Corporation (ETR - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 3 before market open. Entergy has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present. ETR’s long-term earnings growth is projected at 6.7%.
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What to Expect From Pinnacle West (PNW) in Q2 Earnings?
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release second-quarter 2022 results on Aug 3 before market open. Pinnacle West Capital delivered an earnings surprise of 200% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in the Phoenix region and an expanding retail customer base are likely to have boosted demand and earnings in the second quarter. The continuous effort to rein on the operating and maintenance expenses is expected to have boosted second-quarter earnings.
Second-quarter earnings might have been adversely impacted by inflationary pressures across all areas of PNW’s business.
Expectations
The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $1.36, indicating a 28.8% decline from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for second-quarter 2022 revenues is pegged at $965.4 million, indicating a 3.5% decline from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Pinnacle West Capital this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation Quote
Earnings ESP: Pinnacle West Capital has an Earnings ESP of -2.34%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PNW carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
American Electric Power (AEP - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Jul 27 before market open. American Electric Power has an Earnings ESP of +6.20% and carries a Zacks Rank #2 at present. AEP’s long-term (three to five years) earnings growth is projected at 6.2%.
DTE Energy (DTE - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Jul 28 before market open. DTE Energy has an Earnings ESP of +3.41% and carries a Zacks Rank #3 at present. DTE’s long-term earnings growth is projected at 6%.
Entergy Corporation (ETR - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 3 before market open. Entergy has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present. ETR’s long-term earnings growth is projected at 6.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.