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Why Is Pinnacle West (PNW) Up 1.5% Since Last Earnings Report?
A month has gone by since the last earnings report for Pinnacle West (PNW - Free Report) . Shares have added about 1.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Pinnacle West due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
The consensus estimate has shifted 50% due to these changes.
VGM Scores
At this time, Pinnacle West has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Pinnacle West has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Pinnacle West is part of the Zacks Utility - Electric Power industry. Over the past month, CenterPoint Energy (CNP - Free Report) , a stock from the same industry, has gained 4.4%. The company reported its results for the quarter ended December 2024 more than a month ago.
CenterPoint reported revenues of $2.26 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $0.40 for the same period compares with $0.32 a year ago.
CenterPoint is expected to post earnings of $0.58 per share for the current quarter, representing a year-over-year change of +5.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -1%.
CenterPoint has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.