Pinnacle West Capital Q4 EPS $0.00 Vs $(0.13) Est.; Sales $991.57M Miss $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinnacle West Capital (PNW) reported Q4 earnings per share (EPS) of $0.00, an improvement over the estimated $(0.13), but missed sales estimates with $991.57M against the expected $1.12B, marking an 11.47% miss and a 1.76% decrease from last year's $1.01B.
February 27, 2024 | 1:38 pm
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Pinnacle West Capital reported a Q4 EPS of $0.00, beating the $(0.13) estimate, but missed revenue forecasts with $991.57M versus the expected $1.12B.
While PNW's EPS outperformance could be seen as a positive signal, the significant miss on revenue forecasts and the year-over-year decline in sales may temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the EPS beat against the revenue miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100