PNW's first-quarter performance is expected to have continued to benefit from retail customer growth. Yet, higher depreciation and amortization might have offset some positives.
Pinnacle West (PNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pinnacle West (PNW) reported earnings 30 days ago. What's next for the stock?
Pinnacle West Capital has demonstrated strong business fundamentals and growth catalysts on the horizon. PNW benefits from favorable regulatory developments, robust residential growth, and increasing demand from Arizona's expanding semiconductor industry. With a solid balance sheet, reliable operations, and a well-covered 3.9% dividend yield, PNW remains an attractive income investment.
Pinnacle West Capital Corporation (NYSE:PNW ) Q4 2024 Earnings Conference Call February 25, 2025 11:00 AM ET Company Participants Amanda Ho - Investor Relations Jeffrey Guldner - Chairman, President and Chief Executive Officer Ted Geisler - President of Arizona Public Service Company Andrew Cooper - Senior Vice President and Chief Financial Officer of Pinnacle West Capital Corporation and Arizona Public Service Company Conference Call Participants Julien Dumoulin-Smith - Jefferies Michael Lonegan - Evercore ISI Travis Miller - Morningstar Inc. Christopher Ellinghaus - Siebert Williams Shank & Co. Operator Good day, everyone, and welcome to the Pinnacle West Capital Corporation 2024 Fourth Quarter Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.
PNW fourth-quarter earnings decrease year over year, while revenues increase. Total operating expenses also rise during the same period.
Pinnacle West (PNW) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to break-even earnings per share a year ago.
PNW's Q4 results are expected to continue to benefit from retail customer growth. However, higher depreciation and amortization might have offset some positives during the quarter.
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Investors interested in Utility - Electric Power stocks are likely familiar with Pinnacle West (PNW) and Centuri Holdings (CTRI). But which of these two companies is the best option for those looking for undervalued stocks?
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Pinnacle West (PNW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.