Analysts Estimate Pinnacle West (PNW) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Pinnacle West due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Pinnacle West is expected to report quarterly earnings of $1.58 per share, reflecting a year-over-year decrease of 10.2% [3] - Revenues are projected to be $1.26 billion, down 3.4% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 3.32% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Pinnacle West matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12] Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10] - Pinnacle West currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat [12] Historical Performance - In the last reported quarter, Pinnacle West was expected to post earnings of $0.05 per share but instead reported a loss of -$0.04, resulting in a surprise of -180.00% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Industry Comparison - Duke Energy, another player in the electric power industry, is expected to report earnings of $1.25 per share, indicating a year-over-year increase of 5.9% [18] - Duke Energy's revenues are expected to be $7.4 billion, up 3.2% from the previous year, but it has an Earnings ESP of -3.66% and a Zacks Rank of 4 [19][20]