Pinnacle West Capital Corporation (PNW), headquartered in Phoenix, Arizona, provides retail and wholesale electric services. Valued at $11.1 billion by market cap, the company offers retail and wholesale electric service to most of the State of Arizona. PNW is also involved in real estate development activities in the western U.S. The utility holding company is expected to announce its fiscal third-quarter earnings for 2025 before the market opens on Monday, Nov. 3.
Ahead of the event, analysts expect PNW to report a profit of $2.89 per share on a diluted basis, down 14.2% from $3.37 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
For the full year, analysts expect PNW to report EPS of $4.55, down 13.2% from $5.24 in fiscal 2024. However, its EPS is expected to rise 3.1% year over year to $4.69 in fiscal 2026.
PNW stock has underperformed the S&P 500 Index’s ($SPX) 15.1% gains over the past 52 weeks, with shares up 5.5% during this period. Similarly, it underperformed the Utilities Select Sector SPDR Fund’s (XLU) 11% gains over the same time frame.
On Aug. 6, PNW shares closed up marginally after reporting its Q2 results. Its EPS declined 10.2% year over year to $1.58. The company’s revenue stood at $1.4 billion, up 3.8% year over year. PNW expects full-year EPS to be between $4.40 and $4.60.
Analysts’ consensus opinion on PNW stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 16 analysts covering the stock, five advise a “Strong Buy” rating, 10 give a “Hold,” and one recommends a “Strong Sell.” PNW’s average analyst price target is $97, indicating a potential upside of 5.2% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
