We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 to Post Q1 Earnings: What's in the Cards?
Read MoreHide Full Article
Key Takeaways
Pinnacle West is expected to post Q1 revenue growth of 4.64% and higher electric sales.
PNW might have benefited from rising demand from data centers and manufacturing facilities.
Arizona Public Service completed 400 MW projects to boost grid reliability and efficiency.
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release first-quarter 2026 results on May 4, before the market opens. The company delivered an earnings surprise of 160% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
PNW’s Q1 Expectations
The Zacks Consensus Estimate for earnings is pegged at a loss of 3 cents per share, which implies a year-over-year increase of 25%.
The consensus estimate for revenues is pinned at $1.08 billion, indicating an increase of 4.64% from the year-ago reported number.
The Zacks Consensus Estimate for total electric sales is pegged at 8155.3 gigawatt-hour, up 4.63% from the year-ago quarter’s reported figure.
Factors Likely to Have Impacted PNW’s Q1 Earnings
Pinnacle West’s first-quarter earnings are expected to have benefited from a rise in electricity demand, fueled by increased consumption from manufacturing facilities and rising demand from multiple data centers. Increasing demand from C& I customers is also expected to have boosted its earnings during the quarter.
The company unit, Arizona Public Service, has completed more than 400 megawatt energy projects, which include new natural gas power units, a battery storage facility and a solar power plant. These projects are likely to have enhanced grid reliability, supported the meeting of growing electricity demand, improved operational efficiency and strengthened overall earnings performance.
The company has been benefiting from an expanding retail and diversified customer base, driven by the robust economic development in its service region. These factors are likely to have boosted revenues and support earnings reported.
PWN has a strong cost management strategy and plans to reduce operations and maintenance expenses per megawatt hour. These initiatives, along with support cost reduction, are expected to have improved financial performance and acted as tailwinds for first-quarter earnings.
However, higher financing costs and property taxes, due to higher plant in service, are likely to have offset some of the positives in the to-be-reported quarter.
What Our Quantitative Model Predicts for PNW
Our proven model predicts an earnings beat for Pinnacle West Capital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is +85.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors may also consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
WEC Energy Group (WEC - Free Report) is likely to come up with earnings beat when it reports first-quarter results on May 5. It has an Earnings ESP of +0.54% and a Zacks Rank #3 at present.
WEC’s long-term (three to five years) earnings growth rate is 7.44%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $2.31, which implies a year-over-year increase of 1.76%.
Duke Energy Corporation (DUK - Free Report) is scheduled to report first-quarter results on May 5. It has an Earnings ESP of +1.31% and a Zacks Rank #3 at present.
DUK has a dividend yield of 3.29%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.79, which implies a year-over-year increase of 1.70%.
Ameren Corporation (AEE - Free Report) is set to report first-quarter results on May 6. It has an Earnings ESP of +1.29% and a Zacks Rank #3 at present.
AEE’s long-term earnings growth rate is 9.27%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.17, which implies a year-over-year increase of 9.35%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Pinnacle West Capital to Post Q1 Earnings: What's in the Cards?
Key Takeaways
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release first-quarter 2026 results on May 4, before the market opens. The company delivered an earnings surprise of 160% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
PNW’s Q1 Expectations
The Zacks Consensus Estimate for earnings is pegged at a loss of 3 cents per share, which implies a year-over-year increase of 25%.
The consensus estimate for revenues is pinned at $1.08 billion, indicating an increase of 4.64% from the year-ago reported number.
The Zacks Consensus Estimate for total electric sales is pegged at 8155.3 gigawatt-hour, up 4.63% from the year-ago quarter’s reported figure.
Factors Likely to Have Impacted PNW’s Q1 Earnings
Pinnacle West’s first-quarter earnings are expected to have benefited from a rise in electricity demand, fueled by increased consumption from manufacturing facilities and rising demand from multiple data centers. Increasing demand from C& I customers is also expected to have boosted its earnings during the quarter.
The company unit, Arizona Public Service, has completed more than 400 megawatt energy projects, which include new natural gas power units, a battery storage facility and a solar power plant. These projects are likely to have enhanced grid reliability, supported the meeting of growing electricity demand, improved operational efficiency and strengthened overall earnings performance.
The company has been benefiting from an expanding retail and diversified customer base, driven by the robust economic development in its service region. These factors are likely to have boosted revenues and support earnings reported.
PWN has a strong cost management strategy and plans to reduce operations and maintenance expenses per megawatt hour. These initiatives, along with support cost reduction, are expected to have improved financial performance and acted as tailwinds for first-quarter earnings.
However, higher financing costs and property taxes, due to higher plant in service, are likely to have offset some of the positives in the to-be-reported quarter.
What Our Quantitative Model Predicts for PNW
Our proven model predicts an earnings beat for Pinnacle West Capital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is +85.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Pinnacle West Capital carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation Quote
Other Stock to Consider
Investors may also consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
WEC Energy Group (WEC - Free Report) is likely to come up with earnings beat when it reports first-quarter results on May 5. It has an Earnings ESP of +0.54% and a Zacks Rank #3 at present.
WEC’s long-term (three to five years) earnings growth rate is 7.44%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $2.31, which implies a year-over-year increase of 1.76%.
Duke Energy Corporation (DUK - Free Report) is scheduled to report first-quarter results on May 5. It has an Earnings ESP of +1.31% and a Zacks Rank #3 at present.
DUK has a dividend yield of 3.29%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.79, which implies a year-over-year increase of 1.70%.
Ameren Corporation (AEE - Free Report) is set to report first-quarter results on May 6. It has an Earnings ESP of +1.29% and a Zacks Rank #3 at present.
AEE’s long-term earnings growth rate is 9.27%. The Zacks Consensus Estimate for first-quarter EPS is pinned at $1.17, which implies a year-over-year increase of 9.35%.