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.
Pinnacle West Capital (PNW) Beats Q1 Earnings Estimate
Read MoreHide Full Article
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 first quarter Zacks Consensus Estimate for earnings of 15 cents per share decreased by a penny over the last 90 days.
Coming to the earnings surprise, Pinnacle West has missed the Zacks Consensus Estimate in the last four quarters, resulting in a negative average surprise of 20.27%
We have highlighted some of the key details from the just-released announcement below:
Earnings: Pinnacle West’s first-quarter earnings surpassed expectation. While our consensus called for earnings of 15 cents, the company reported EPS of 21 cents.
Pinnacle West Capital Corporation Price and EPS Surprise
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
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks ""Strong Sells"" absolutely free >>.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pinnacle West Capital (PNW) Beats Q1 Earnings Estimate
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 first quarter Zacks Consensus Estimate for earnings of 15 cents per share decreased by a penny over the last 90 days.
Coming to the earnings surprise, Pinnacle West has missed the Zacks Consensus Estimate in the last four quarters, resulting in a negative average surprise of 20.27%
Zacks Rank: Currently, Pinnacle West has a Zacks Rank #4 (Sell) but that could change following its first quarter 2017 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 surpassed expectation. While our consensus called for earnings of 15 cents, the company reported EPS of 21 cents.
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation Price and EPS Surprise | Pinnacle West Capital Corporation Quote
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
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.