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 continuous investment in traditional generation, transmission & distribution lines will boost its performance over the long run.
The gradual recovery in Arizona’s economy, decline in unemployment rates and increasing housing permits will boost demand going forward. However, stringent regulations and fluctuations in commodity price remain the concern.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 49 cents per share has increased by a penny over the last 60 days.
Coming to the earnings surprise, Pinnacle West has missed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a negative average surprise of 9.99%.
Zacks Rank: Currently, Pinnacle West has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 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 fourth-quarter earnings lagged expectation. While our consensus called for an earnings of 49 cents, the company reported EPS of 47 cents.
Key Stat: In 2016, total customer growth improved by 1.4% year over year.
Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.
Check back later for our full write up on this PNW earnings report later!
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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 >>
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 continuous investment in traditional generation, transmission & distribution lines will boost its performance over the long run.
The gradual recovery in Arizona’s economy, decline in unemployment rates and increasing housing permits will boost demand going forward. However, stringent regulations and fluctuations in commodity price remain the concern.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 49 cents per share has increased by a penny over the last 60 days.
Coming to the earnings surprise, Pinnacle West has missed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a negative average surprise of 9.99%.
Zacks Rank: Currently, Pinnacle West has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 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 fourth-quarter earnings lagged expectation. While our consensus called for an earnings of 49 cents, the company reported EPS of 47 cents.
Key Stat: In 2016, total customer growth improved by 1.4% year over year.
Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.
Check back later for our full write up on this PNW earnings report later!
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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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