Pinnacle West (PNW) Reports Q1 Loss, Tops Revenue Estimates

Core Insights - Pinnacle West reported a quarterly loss of $0.04 per share, missing the Zacks Consensus Estimate of a loss of $0.05, compared to earnings of $0.15 per share a year ago, resulting in an earnings surprise of -180% [1] - The company generated revenues of $1.03 billion for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 7.71% and showing an increase from $951.71 million year-over-year [2] - Pinnacle West shares have increased approximately 12.3% since the beginning of the year, contrasting with a -5.3% decline in the S&P 500 [3] Earnings Outlook - The earnings outlook for Pinnacle West is mixed, with the current consensus EPS estimate for the upcoming quarter at $1.62 on revenues of $1.27 billion, and $4.51 on revenues of $5.08 billion for the current fiscal year [7] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Utility - Electric Power industry, to which Pinnacle West belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]