Pinnacle West Capital to Post Q4 Earnings: Here's What to Expect

Core Viewpoint - Pinnacle West Capital Corporation (PNW) is expected to report its fourth-quarter 2024 results on February 25, with a consensus estimate indicating a loss of 15 cents per share and revenues of $1.06 billion, reflecting a year-over-year increase of 6.6% [1][6]. Group 1: Factors Influencing Q4 Performance - The company's top-line performance is anticipated to benefit from retail customer growth and an increase in retail electricity sales, alongside robust commercial load growth driven by data centers [3]. - Arizona Public Service's (APS) Energy Management System is expected to enhance the integration of renewable and energy storage assets, positively impacting the company's quarterly performance [4]. - However, a planned outage in the fourth quarter may have led to higher operations and maintenance expenses, with increased depreciation, amortization, and property taxes potentially offsetting some positive factors [5]. Group 2: Earnings and Revenue Estimates - The Zacks Consensus Estimate for total electric sales is projected at 7,617.83 gigawatt-hours, which is a 0.9% increase from the previous year [6]. - The company's Earnings ESP is currently at 0.00%, indicating no prediction of an earnings beat for this quarter [7]. - Pinnacle West Capital holds a Zacks Rank of 3, suggesting a neutral outlook [8].