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Pinnacle West Capital to Post Q3 Earnings: What's in the Cards?
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Key Takeaways
Pinnacle West Capital is set to report Q3 earnings on Nov. 3, with EPS expected to rise 0.29% to $3.40.
PNW's Q3 revenues are expected to rise 6.61% to $1.94 billion on demand growth.
Infrastructure investments and cost controls may aid PNW, while higher financing costs pose risks.
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release third-quarter 2026 results on Nov. 3, before the market opens. The company delivered a negative earnings surprise of 4.03% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
PNW’s Q3 Expectations
The Zacks Consensus Estimate for earnings is pegged at $3.40 per share, which implies a year-over-year increase of 0.29%.
The Zacks Consensus Estimate for revenues is pinned at $1.94 billion, indicating an increase of 6.61% from the year-ago reported number.
The Zacks Consensus Estimate for total electric sales is pegged at 13,286.6 gigawatt-hours, up 2.43% from the year-ago quarter’s reported figure.
Factors Likely to Have Impacted PNW’s Q3 Earnings
Pinnacle West Capital’s third-quarter 2026 earnings are expected to have benefited from customer growth, increasing demand from the semiconductor industry, data center and advanced technology operations. Economic expansion across the company's service territory is expected to drive higher electricity demand and sales, supporting third-quarter results.
Pinnacle West's ongoing investments in generation, transmission and distribution infrastructure are also expected to have supported its third-quarter performance. These investments are expected to have improved operational performance, reduce outages, accommodate customer growth and expand the rate base, which is anticipated to support earnings in the upcoming quarter.
The company’s focus on cost management is expected to have helped control operating expenses. These efforts may have supported profitability and are also expected to influence third-quarter performance.
However, higher financing costs are expected to partially offset these positive factors in the third 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 not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is +2.43%. 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 player from the same industry, as it has the right combination of elements to post an earnings beat this reporting cycle.
Entergy (ETR - Free Report) is set to report third-quarter 2026 results on Nov. 2, and is likely to have come up with an earnings beat. It has an Earnings ESP of +0.92% and a Zacks Rank #3 at present.
ETR’s long-term (three to five years) earnings growth rate is 10.16%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.71, which implies a year-over-year increase of 11.76%.
Evergy (EVRG - Free Report) is scheduled to report third-quarter results 2026 on Nov. 5, and is likely to have come up with an earnings beat. It has an Earnings ESP of +2.90% and a Zacks Rank #2 at present.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $2.30 per share, which implies a year-over-year increase of 13.30%.
PPL Corporation (PPL - Free Report) is set to report third-quarter 2026 results on Nov. 6 and is likely to have an earnings beat. It has an Earnings ESP of +0.38% and a Zacks Rank #2 at present.
PPL’s long-term earnings growth rate is 5.26%. The Zacks Consensus Estimate for third-quarter EPS is pinned at 53 cents, which implies a year-over-year increase of 10.42%.
View the Zacks #1 Rank List
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Pinnacle West Capital to Post Q3 Earnings: What's in the Cards?
Key Takeaways
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release third-quarter 2026 results on Nov. 3, before the market opens. The company delivered a negative earnings surprise of 4.03% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
PNW’s Q3 Expectations
The Zacks Consensus Estimate for earnings is pegged at $3.40 per share, which implies a year-over-year increase of 0.29%.
The Zacks Consensus Estimate for revenues is pinned at $1.94 billion, indicating an increase of 6.61% from the year-ago reported number.
The Zacks Consensus Estimate for total electric sales is pegged at 13,286.6 gigawatt-hours, up 2.43% from the year-ago quarter’s reported figure.
Factors Likely to Have Impacted PNW’s Q3 Earnings
Pinnacle West Capital’s third-quarter 2026 earnings are expected to have benefited from customer growth, increasing demand from the semiconductor industry, data center and advanced technology operations. Economic expansion across the company's service territory is expected to drive higher electricity demand and sales, supporting third-quarter results.
Pinnacle West's ongoing investments in generation, transmission and distribution infrastructure are also expected to have supported its third-quarter performance. These investments are expected to have improved operational performance, reduce outages, accommodate customer growth and expand the rate base, which is anticipated to support earnings in the upcoming quarter.
The company’s focus on cost management is expected to have helped control operating expenses. These efforts may have supported profitability and are also expected to influence third-quarter performance.
However, higher financing costs are expected to partially offset these positive factors in the third 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 not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is +2.43%. 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 player from the same industry, as it has the right combination of elements to post an earnings beat this reporting cycle.
Entergy (ETR - Free Report) is set to report third-quarter 2026 results on Nov. 2, and is likely to have come up with an earnings beat. It has an Earnings ESP of +0.92% and a Zacks Rank #3 at present.
ETR’s long-term (three to five years) earnings growth rate is 10.16%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.71, which implies a year-over-year increase of 11.76%.
Evergy (EVRG - Free Report) is scheduled to report third-quarter results 2026 on Nov. 5, and is likely to have come up with an earnings beat. It has an Earnings ESP of +2.90% and a Zacks Rank #2 at present.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $2.30 per share, which implies a year-over-year increase of 13.30%.
PPL Corporation (PPL - Free Report) is set to report third-quarter 2026 results on Nov. 6 and is likely to have an earnings beat. It has an Earnings ESP of +0.38% and a Zacks Rank #2 at present.
PPL’s long-term earnings growth rate is 5.26%. The Zacks Consensus Estimate for third-quarter EPS is pinned at 53 cents, which implies a year-over-year increase of 10.42%.