Pinnacle West Capital (NYSE:PNW) reported its Q1 earnings results on Wednesday, May 4, 2022 at 08:40 AM.
Here's what investors need to know about the announcement.
Earnings
Pinnacle West Capital beat estimated earnings by 150.0%, reporting an EPS of $0.15 versus an estimate of $0.06.
Revenue was up $87.06 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18 which was followed by a 6.84% increase in the share price the next day.
Here's a look at Pinnacle West Capital's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.06 | 2.79 | 1.58 | 0.25 |
| EPS Actual | 0.24 | 3 | 1.91 | 0.32 |
| Revenue Estimate | 659.69M | 1.24B | 962.86M | 706.92M |
| Revenue Actual | 798.86M | 1.31B | 1.00B | 696.48M |
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 FY 2022, expecting earnings between $3.9 and $4.1 per share.
To track all earnings releases for Pinnacle West Capital visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
