We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What to Expect From Pinnacle West (PNW) in Q1 Earnings?
Read MoreHide Full Article
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release first-quarter 2018 results on May 2, before the market opens. In the last reported quarter, the company delivered a positive earnings surprise of 90.00%.
Let’s see how things are shaping up before the upcoming announcement.
Factors to Consider
Pinnacle West will gain from the improving economic conditions in its service territories. The solid job growth rate in the Metro Phoenix area and increase in customer volume are likely to boost results of Pinnacle West in the quarter to be reported.
Cost-management initiatives are likely to act as a tailwind for the company. In addition, Pinnacle West is expected to benefit from its programs and services, aimed to enhance reliability of services and improve experience of customers.
The Zacks Consensus Estimate for first-quarter 2018 earnings per share is pegged at 43 cents, reflecting a decline of 52.4% from the year-ago quarter.
Earnings Whispers
Our proven model does not show that Pinnacle West is likely to beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But this is not the case here as you will see below.
Zacks ESP: The company’s Earnings ESP is -16.66%. This is because the Most Accurate estimate is 13 cents, while the Zacks Consensus Estimate is pegged at 15 cents.
Pinnacle West Capital Corporation Price and EPS Surprise
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Pinnacle West has a Zacks Rank #3.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few players from the industry that have the right combination of elements to post an earnings beat in the upcoming quarterly release.
Duke Energy Corporation (DUK - Free Report) is expected to release first-quarter 2018 results on May 10. The company has an Earnings ESP of +2.82% and a Zacks Rank #3.
WEC Energy Group, Inc. (WEC - Free Report) is expected to release first-quarter 2018 results on May 1. The company has an Earnings ESP of +0.58% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
What to Expect From Pinnacle West (PNW) in Q1 Earnings?
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release first-quarter 2018 results on May 2, before the market opens. In the last reported quarter, the company delivered a positive earnings surprise of 90.00%.
Let’s see how things are shaping up before the upcoming announcement.
Factors to Consider
Pinnacle West will gain from the improving economic conditions in its service territories. The solid job growth rate in the Metro Phoenix area and increase in customer volume are likely to boost results of Pinnacle West in the quarter to be reported.
Cost-management initiatives are likely to act as a tailwind for the company. In addition, Pinnacle West is expected to benefit from its programs and services, aimed to enhance reliability of services and improve experience of customers.
The Zacks Consensus Estimate for first-quarter 2018 earnings per share is pegged at 43 cents, reflecting a decline of 52.4% from the year-ago quarter.
Earnings Whispers
Our proven model does not show that Pinnacle West is likely to beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But this is not the case here as you will see below.
Zacks ESP: The company’s Earnings ESP is -16.66%. This is because the Most Accurate estimate is 13 cents, while the Zacks Consensus Estimate is pegged at 15 cents.
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation Price and EPS Surprise | Pinnacle West Capital Corporation Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Pinnacle West has a Zacks Rank #3.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few players from the industry that have the right combination of elements to post an earnings beat in the upcoming quarterly release.
Duke Energy Corporation (DUK - Free Report) is expected to release first-quarter 2018 results on May 10. The company has an Earnings ESP of +2.82% and a Zacks Rank #3.
IDACORP, Inc. (IDA - Free Report) is expected to release first-quarter 2018 results on May 3. The company has an Earnings ESP of +3.55% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEC Energy Group, Inc. (WEC - Free Report) is expected to release first-quarter 2018 results on May 1. The company has an Earnings ESP of +0.58% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>