Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release fourth-quarter 2021 results on Feb 25 before market open. Pinnacle West Capital delivered an earnings surprise of 7.5% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
Solid demand from the residential group and an expanding customer base are likely to have increased Pinnacle West Capital’s fourth-quarter earnings. The effort to rein on operating expenses is also expected to have boosted earnings. Higher revenues from the electricity transmission service are expected to have boosted fourth-quarter earnings.
Further, continuous economic developments in Arizona and improving demand for utility services in the region might have acted as a tailwind for the impending quarterly release.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is pegged at 7 cents, indicating a 141.2% rise from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for fourth-quarter 2021 revenues is pegged at $706 million, indicating a 4.7% 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 PNW 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.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release fourth-quarter 2021 results on Feb 25 before market open. Pinnacle West Capital delivered an earnings surprise of 7.5% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
Solid demand from the residential group and an expanding customer base are likely to have increased Pinnacle West Capital’s fourth-quarter earnings. The effort to rein on operating expenses is also expected to have boosted earnings. Higher revenues from the electricity transmission service are expected to have boosted fourth-quarter earnings.
Further, continuous economic developments in Arizona and improving demand for utility services in the region might have acted as a tailwind for the impending quarterly release.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is pegged at 7 cents, indicating a 141.2% rise from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for fourth-quarter 2021 revenues is pegged at $706 million, indicating a 4.7% 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 PNW 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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