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Pinnacle West (PNW) Q1 Earnings Miss Estimate, Sales Up Y/Y
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Phoenix, AZ-based, Pinnacle West Capital Corporation (PNW - Free Report) , together with its subsidiaries, provides electricity services in the state of Arizona.
Pinnacle West’s will continue to gain on the back of improving economic conditions in its service territories and Cost-management initiatives.
The solid job growth rate in the Metro Phoenix area and increase in customer volume will boost demand. However, stringent regulations and fluctuations in commodity price remain the concern.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of 10 cents per share has decreased by a penny in the last 30 days.
Coming to the earnings surprise, Pinnacle West has surpassed the Zacks Consensus Estimate in all last four quarters, resulting in an average positive surprise is 41.01%
Pinnacle West Capital Corporation Price and EPS Surprise
We have highlighted some of the key details from the just-released announcement below:
Earnings: Pinnacle West’s first quarter earnings of 3 cents per share missing the Zacks Consensus Estimate of 10 cents by 70%.
Revenue: Pinnacle West’s total revenue of $692.7 million reflected year-over-year growth of 2.2%.
Market Reaction: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this PNW earnings report later.
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.
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Pinnacle West (PNW) Q1 Earnings Miss Estimate, Sales Up Y/Y
Phoenix, AZ-based, Pinnacle West Capital Corporation (PNW - Free Report) , together with its subsidiaries, provides electricity services in the state of Arizona.
Pinnacle West’s will continue to gain on the back of improving economic conditions in its service territories and Cost-management initiatives.
The solid job growth rate in the Metro Phoenix area and increase in customer volume will boost demand. However, stringent regulations and fluctuations in commodity price remain the concern.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of 10 cents per share has decreased by a penny in the last 30 days.
Coming to the earnings surprise, Pinnacle West has surpassed the Zacks Consensus Estimate in all last four quarters, resulting in an average positive surprise is 41.01%
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation Price and EPS Surprise | Pinnacle West Capital Corporation Quote
Zacks Rank: Pinnacle West has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Pinnacle West’s first quarter earnings of 3 cents per share missing the Zacks Consensus Estimate of 10 cents by 70%.
Revenue: Pinnacle West’s total revenue of $692.7 million reflected year-over-year growth of 2.2%.
Market Reaction: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this PNW earnings report later.
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>>