Pinnacle West (PNW) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.60%. A quarter ago, it was expected that this power company would post earnings of $1.31 per share when it actually produced earnings of $1.76, delivering a surprise of 34.35%.Over the last four quarters, the compan ...

Exhibit 99.1 FOR IMMEDIATE RELEASE November 6, 2024 Media Contact: Analyst Contact: Alan Bunnell (602) 250-3376 Amanda Ho (602) 250-3334 Website: pinnaclewest.com PINNACLE WEST REPORTS SLIGHTLY LOWER 2024 THIRD-QUARTER RESULTS COMPARED TO A YEAR AGO • Record-setting summer heat drives increase in customer sales and usage • Operating performance, reliability remain strong for customers • Creative approach used to address monsoon outages, restore power PHOENIX – Pinnacle West Capital Corp. (NYSE: PNW) today r ...

Pinnacle West Capital Corporation (PNW) is scheduled to release third-quarter 2024 results on Nov. 6, before market open. The company delivered an earnings surprise of 34.4% in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Major Factors That Might Have Impacted PNW's Q3 PerformancePinnacle West Capital’s top-line performance is expected to have benefited from retai ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks S ...

分组1 - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1][2] - The Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] 分组2 - Each stock receives a rating from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating a better chance of outperforming [3] - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales [3][4] - The Growth Score assesses a company's financial strength and future outlook through projected and historical earnings, sales, and cash flow [4] - The Momentum Score evaluates trends in stock price and earnings estimates to identify favorable investment opportunities [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors [5] 分组3 - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [9][10] 分组4 - Pinnacle West Capital Corporation, based in Phoenix, AZ, provides electricity services in Arizona and is involved in the generation, transmission, and distribution of electricity from various sources [11] - Pinnacle West has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of B, indicating a potential for growth [11][12] - The company's shares have increased by 3.7% over the past four weeks, and there has been a positive revision in earnings estimates for fiscal 2024 [12]

Core Viewpoint - Pinnacle West Capital Corporation (PNW) is focused on enhancing its electricity generation portfolio through significant capital investments while facing regulatory and weather-related challenges [1] Group 1: Capital Investments and Growth - PNW has a capital plan of $6 billion for the years 2024-2026, with nearly $1.2 billion allocated for transmission investments during the same period [2] - The company plans to invest approximately $2.2 billion to enhance clean power generation from 2024 to 2026 [3] - The Metro Phoenix service region is experiencing growth in commercial activities, with new data centers expected to create demand for 640 megawatts of electricity by 2035 [4] Group 2: Regulatory and Environmental Challenges - PNW is subject to numerous environmental laws and regulations, which may increase operational costs and impact business if compliance is not met [5] - Mild weather conditions can lead to lower power sales, potentially resulting in decreased revenues, earnings, and cash flow [6] Group 3: Stock Performance - PNW shares have increased by 11.5% over the past three months, outperforming the industry average growth of 1% [7]

Pinnacle West (PNW) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.35%. A quarter ago, it was expected that this power company would post a loss of $0.02 per share when it actually produced earnings of $0.15, delivering a surprise of 850%. Over the last four quarters, the company ...

Pinnacle West Capital Corporation (PNW) reported second-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.31 by 34.4%. The bottom line also increased 87.2% from the year-ago quarter's figure of 94 cents. Total Revenues Sales for the quarter totaled $1.31 billion, which surpassed the Zacks Consensus Estimate of $1.22 billion by 7.6%. The top line also increased 17% from $1.12 billion recorded in the year-ago quarter. Operational Highlights Total operating expenses were $ ...

The Zacks Consensus Estimate for second-quarter sales is pinned at $1.13 billion, indicating year-over-year growth of 1.2%. Pinnacle West Capital continues to increase its shareholders' value through dividend payments. Currently, the company's quarterly dividend is 88 cents per share, resulting in an annualized dividend of $3.52 per share, up 1.7% from the previous level of $3.46. PNW's current dividend yield is 4.65%, better than the utility electric power industry's 3.74%. Pinnacle West Capital Corporatio ...

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Another notable valuation metric for PNW is its P/B ratio of 1.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, OGE h ...