The Federal Reserve has struggled to curb inflation despite adopting a strict monetary tightening campaign. This has reignited fears among Americans that the economy could slip into a recession. The survey's one-year outlook for inflation remained unchanged at 3.3% in June, which was also sharply above the 2.3-3% range seen in the two years prior to the pandemic. Inflation declined sharply in 2023 before resuming its climb in the first quarter. However, it showed signs of cooling in April and maintained the ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It also includes access to the Zacks Style Scores. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the nex ...

For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. What are the Zacks Style Scores? VGM Score For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Za ...

Demand Drivers and Growth Potential - The demand for electricity in Phoenix is expected to grow significantly due to population growth, manufacturing expansion, and the establishment of data centers, with Phoenix projected to have a population growth rate of 5.66% from 2020 to 2024, compared to the national average of 1.42% [34][33] - PNW's growth is anticipated to come from three main sources: positive adjustments from rate cases, increased rate base, and operating cost efficiencies [39][21] - The company has a substantial growth pipeline, with an estimated total investment opportunity of over $5 billion in transmission assets over the next ten years [20][46] Financial Performance and Valuation - PNW is trading at 10.52X forward EBITDA, which is lower than the sector average of 12.08, indicating a potentially undervalued position in the market [15][55] - The company's rate base is expected to grow from $11.9 billion in 2022 to $16.1 billion in 2026, representing a 35% increase [60][61] - Operating and maintenance expenses have increased at a rate of 1.86% annually over the last seven years, which is significantly lower than the CPI inflation rate of 3.5% [40][64] Operational Competence and Market Position - PNW has demonstrated a solid track record in translating asset growth into shareholder value, with dividends increasing steadily for decades [27][26] - The company has maintained a competitive edge by providing reliable and affordable electricity, which is crucial for sustaining its territorial advantage [51][52] - Despite the stock price underperformance since 2020, PNW has shown strong fundamentals, with cash flow and dividends per share continuing to grow [54][67]

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

Pinnacle West Capital Corporation's (PNW) strategic capital investment plans should further enhance its infrastructure and help to expand its clean generation portfolio. Given its strong growth, PNW makes a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment option at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for Pinnacle West Capital's 2024 earnings per share (EPS) has moved up 1.5% to ...

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

Pinnacle West Capital Corporation (NYSE:PNW) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Amanda Ho - Director of Investor Relations Jeff Guldner - Chairman & Chief Executive Officer Andrew Cooper - Chief Financial Officer Conference Call Participants Michael Lonegan - Evercore ISI Alex Mortimer - Mizuho Operator Good morning, everyone, and welcome to the Pinnacle West Capital Corporation 2024 First Quarter Earnings Conference Call. At this time all participants have been pl ...

Pathway 15 Arizona continues to be an attractive service territory with strong customer growth Arizona economy continues to be robust and attractive • In 2023, Maricopa County was the fourth fastest-growing county in the nation • Phoenix is ranked #1 out of 15 top growth markets for manufacturing by Newmark Group, a global real estate firm • Maricopa County leads the nation in attracting talent according to Lightcast, a global leader in labor market analytics 2.1% 2.3% 2.4% 2.2%2.1% 1.5%-2.5% 0% 1% 2% 3% 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission File Number | | Exact Name of Each Registrant as specified in its charter; State of Incorporation; Address; and Telephone Number | IRS Employer Identification No. | | --- | --- ...