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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how Pinnacle West Capital has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)