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Recap: Pinnacle West Capital Q4 Earnings

 

Pinnacle West Capital (NYSE:PNW) reported its Q4 earnings results on Friday, February 25, 2022 at 08:40 AM.

Here's what investors need to know about the announcement.

Earnings

Pinnacle West Capital beat estimated earnings by 300.0%, reporting an EPS of $0.24 versus an estimate of $0.06.

Revenue was up $57.90 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.21 which was followed by a 1.51% increase in the share price the next day.

Here's a look at Pinnacle West Capital's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 2.79 1.58 0.25 0.04
EPS Actual 3 1.91 0.32 -0.17
Revenue Estimate 1.24B 962.86M 706.92M 715.74M
Revenue Actual 1.31B 1.00B 696.48M 740.96M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Pinnacle West Capital management provided guidance for their next quarter, expecting earnings between $3.9 and $4.1 per share for the next quarter.

This represents a 1566.67% in quarter-over-quarter growth for Pinnacle West Capital, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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