Pinnacle West Capital Q2 EPS $0.94 Misses $1.19 Estimate, Sales $1.12B Beat $1.03B Estimate
Portfolio Pulse from Happy Mohamed
Pinnacle West Capital reported Q2 earnings of $0.94 per share, missing the analyst consensus estimate of $1.19 by 21.01%. This is a 35.17% decrease from the same period last year. However, the company's quarterly sales of $1.12 billion beat the analyst consensus estimate of $1.03 billion by 8.93%, a 5.65% increase from last year.

August 04, 2023 | 1:19 pm
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NEGATIVE IMPACT
Pinnacle West Capital's Q2 earnings missed estimates by 21.01%, but sales beat estimates by 8.93%.
The company's earnings miss could negatively impact the stock price in the short term. However, the sales beat might mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100