Pinnacle West Capital Q1 2024 GAAP EPS $0.15 Beats $0.09 Estimate, Sales $951.712M Miss $974.965M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinnacle West Capital reported Q1 2024 earnings of $0.15 per share, surpassing the $0.09 estimate, but its sales of $951.712M fell short of the $974.965M forecast, marking a 0.72% increase from the previous year.

May 02, 2024 | 11:59 am
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Pinnacle West Capital's Q1 2024 earnings exceeded expectations with an EPS of $0.15, beating the $0.09 estimate, but sales missed the mark.
The positive earnings surprise could lead to short-term positive sentiment, offset by the slight miss in sales expectations. The mixed results present a neutral outlook as the beat in EPS suggests operational efficiency, while the sales miss could indicate market challenges or lower demand.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100