Phoenix, Arizona-based Pinnacle West Capital Corporation (PNW) provides retail and wholesale electric services primarily in the state of Arizona. With a market cap of $11 billion, the company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities.
PNW is scheduled to report its Q2 earnings on Wednesday, August 6, before the market opens. Ahead of this event, analysts expect the company to report a profit of $1.62 per share, down 8% from $1.76 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, while missing on one other occasion.
For fiscal 2025, analysts expect PNW to report an EPS of $4.53, down 13.6% year over year from $5.24 in fiscal 2024. However, in FY2026, the company’s EPS is expected to rise 10.4% annually to $5.
PNW shares have soared 13.4% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 14.5% returns and the Utility Select Sector SPDR Fund’s (XLU) 19.8% gains during the same time frame.
On May 1, PNW shares fell 1.9% following the release of its Q1 earnings. The company reported an 8.5% year-over-year increase in its operating revenues, which came in at approximately $1 billion. Moreover, the company reported a $0.04 net loss per share for the quarter, which fell short of the Street’s expectations by 180%.
Wall Street analysts are moderately bullish about PNW’s stock, with a "Moderate Buy" rating overall. Among 15 analysts covering the stock, six suggest a “Strong Buy” and nine suggest a “Hold.” PNW’s average analyst price target of $97.71 indicates a 4.9% potential upside from the current levels.
