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Pinnacle West Capital Corp (PNW)
NYSE:PNW
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.14Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -0.08%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While operational performance and sales growth were strong, contributing to updated financial guidance, there were challenges with decreased quarterly earnings, regulatory lag, and anticipated cost increases affecting future earnings.Company Guidance
During the Pinnacle West Capital Corporation's third-quarter 2024 earnings call, key financial metrics were highlighted, including an updated earnings guidance range of $5 to $5.20 per share for the year, driven by a 5.9% weather-normalized sales growth. The company reported a third-quarter earnings per share of $3.37, down from the previous year due to increased O&M, depreciation, and financing costs, partially offset by new rates and strong sales growth. The 2024 capital expenditure plan was revised from $1.95 billion to $2.05 billion, with updated O&M expectations of $1.01 billion to $1.03 billion. Looking forward to 2025, Pinnacle West anticipates earnings per share between $4.40 and $4.60, with customer growth predicted at 1.5% to 2.5%. The company reaffirmed its long-term EPS growth guidance of 5% to 7%, supported by a capital plan of $9.65 billion through 2027, aimed at strengthening infrastructure and reliability.Strong Operational Performance During Record Heat
Successfully managed operations during the hottest summer on record with 70 days over 110 degrees and set a new peak energy demand of 8,210 megawatts. Implemented innovative programs like the Cool Rewards smart thermostat to manage demand.
Updated Financial Guidance Due to Strong Sales Growth
Increased 2024 earnings guidance to $5.00-$5.20 per share due to 5.9% weather-normalized sales growth, with Commercial & Industrial (C&I) sector showing a 10.3% increase.
Commitment to Long-term Infrastructure Investments
Announced $9.65 billion in capital investments through 2027, a 24% increase from earlier plans, focused on reliability and generation resources.
Positive Customer Growth and Satisfaction
Retail customer growth at 2.3% and APS customer service ranked first nationally in the J.D. Power Electric Customer Satisfaction study.
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PNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $86.71 | $90.10 | +3.91% |
| Aug 01, 2024 | $83.83 | $87.15 | +3.96% |
| May 02, 2024 | $73.40 | $73.49 | +0.12% |
| Feb 27, 2024 | $67.04 | $66.79 | -0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pinnacle West Capital Corp (PNW) report earnings?
Pinnacle West Capital Corp (PNW) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Pinnacle West Capital Corp (PNW) earnings time?
Pinnacle West Capital Corp (PNW) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PNW EPS forecast?
PNW EPS forecast for the fiscal quarter 2024 (Q4) is -0.14.
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