Pinnacle West(US:PNW) ZACKS·2025-10-27 15:00Core Viewpoint - The market anticipates a year-over-year decline in earnings for Pinnacle West (PNW) due to lower revenues, with a focus on how actual results compare to estimates to influence stock price [1][2]. Earnings Expectations - Pinnacle West is expected to report quarterly earnings of $3.04 per share, reflecting a year-over-year decrease of 9.8%, and revenues of $1.73 billion, down 2.2% from the previous year [3]. - The earnings report is scheduled for November 3, and better-than-expected results could lead to a stock price increase, while missing estimates may result in a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 122.22% over the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate for Pinnacle West matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly 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 conclusively [12]. Historical Performance - In the last reported quarter, Pinnacle West met the expected earnings of $1.58 per share, resulting in no surprise [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Industry Comparison - Xcel Energy (XEL), another player in the Electric Power industry, is expected to post earnings of $1.31 per share, indicating a year-over-year increase of 4.8%, with revenues projected at $3.94 billion, up 8.1% [18]. - Xcel Energy's consensus EPS estimate has been revised down by 3.5% over the last 30 days, but it currently has an Earnings ESP of +0.38%, suggesting a likelihood of beating the consensus EPS estimate [19][20].