Pinnacle West (PNW) Q3 Earnings and Revenues Surpass Estimates

分组1 - Pinnacle West reported quarterly earnings of $3.37 per share, exceeding the Zacks Consensus Estimate of $3.35 per share, but down from $3.50 per share a year ago, representing an earnings surprise of 0.60% [1] - The company achieved revenues of $1.77 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.23% and increasing from $1.64 billion year-over-year [2] - Pinnacle West has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has increased approximately 20.7% since the beginning of the year, compared to the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.40 on revenues of $1.01 billion, while for the current fiscal year, it is $4.90 on revenues of $4.94 billion [7] - The Utility - Electric Power industry, to which Pinnacle West belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]