Pinnacle West Capital: Here’s What Investors Need to Know Before Earnings
Pinnacle West Capital (NYSE:PNW) will report earnings before markets open on Friday, May 3rd. Pinnacle West Capital Corporation is a utility holding company. The Company, through its subsidiary, provides either retail or wholesale electric service to most of the State of Arizona. The Company, through a subsidiary, also is involved in real estate development activities in the western United States.
Here is your Cheat Sheet to Pinnacle West Capital Earnings:
Earnings Expectations: Analysts expect earnings of $0.09 per share on revenues of $638.93 million. Currently, the company’s P/E ratio stands at 17.66.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.07 to a profit $1.1. For the current year, the average estimate is a profit of $3.56, which is better than the estimate ninety days ago.
Here’s how Pinnacle West Capital has been performing on an annual basis:
|Revenue ($) in millions||3,311||3,176||3,264||3,241||3,302|
|Diluted EPS ($)||2.40||0.67||3.27||3.09||3.45|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||667.89||620.63||878.58||1,109||693.12|
|Diluted EPS ($)||0.1138||-0.08||1.11||2.21||0.2042|
Pinnacle West Capital has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)