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